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16 Bloomington Gold Results | 145 Corvettes Rated Corvette Market Supercar $42k Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends Bargain 505 hp Z06 ‘62 327/360 Big Brake Fuelie brings $90k Courtroom: Six-Year Lawsuit Over a $31k Corvette ZR-1 Corvettes with Low Miles still in $30k Basement DIGITAL EXCLUSIVE! FEATURING VIDEOS OF SELECT VEHICLES


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Corvette Market Keith Martin's Volume 4 . Issue 16 . Summer 2011 26 1967 L89 427/435 coupe 28 1972 LT-1 convertible 30 ZR-1s in Portland, OR Profiles C1 1962 Corvette 327/360 Big Brake Fuelie—$90,100/ Mecum (VIDEO) The thought of buying a factory race car for street use is usually fueled more by testosterone than sanity, but the 1962 Big Brake Corvettes could be the rare exception 24 by Thomas Glatch C2 1967 Corvette L89 427/435 coupe—$124,020/ 26 by Dale Novak Mecum (VIDEO) At $124,020, the money for our subject car was light on the Corvette-O-Meter for an“ordinary” L71 coupe C3 1972 Corvette LT-1 convertible—$38,500/ 28 by Mark Rudnick Barrett-Jackson (VIDEO) The 1970–72 LT-1 Corvettes, with their legendary performance and relatively low production numbers, are sought after for early C3 styling and small-blockperformance C4 1991 Corvette ZR-1 coupe—$26,910/Bonhams 1993 Corvette ZR-1 coupe—$26,910/Bonhams 1995 Corvette ZR-1 coupe—$31,590/Bonhams (VIDEO) For the price of a 2012 Camaro, you could own a great piece of Corvette high-performance heritage that can go 180 mph in 5th gear 30 by Michael Pierce C5 2000 Corvette Indy Racing League Pace Car— 32 by B. Mitchell Carlson C6 2007 Z06 coupe—$42,400/Mecum 34 by B. Mitchell Carlson On the Cover: 2007 Corvette Z06 coupe. Photo by Mecum Auctions 4 Corvette Market SUMMER 2011 www.corvettemarket.com $32,175 at Auctions America by RM (VIDEO) This car was used to pace the 2001 Rolex 24 Hours of Daytona, but putting it on a local road may be difficult 2009 ZR1 Lingenfelter coupe—$74,200/Mecum 2010 Grand Sport Callaway convertible—$84,800/ Mecum (VIDEO) The Z06 is $83.96 per unit of horsepower, the ZR1 checks in at $104.50, and the Callaway is a spendy $139.93 per unit of horsepower


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Market Reports 38 Mecum Auctions, St. Charles, IL The biggest all-Corvette auction of the year sells 119 Corvettes for nearly $6m by B. Mitchell Carlson and Dan Grunwald 56 Mecum Auctions, Indianapolis, IN Mecum's massive Spring Classic sale moves 1,200 cars across the block, including 162 Corvettes by B. Mitchell Carlson 64 Barrett-Jackson, Orange County, CA The second Orange County event sees 23 of 24 Corvettes sold for $1m by Carl Bomstead 70 Global Roundup 35 Corvettes from seven auctions total $1m by CM Market Analysts Feature 16 Bloomington Gold A Survivor Car is a time machine that takes judges back to the assembly line on the day it was born by CM Staff 18 Bloomington Gold: 2011's Sights caught on CM's camera by CM Staff 20 The Great Hall Ten great Corvettes and 10 great people welcomed to the Great Hall in 2011 by CM Staff 12 Late Summer Event Guide—Corvette Funfest Digital Bonus CM Additional Seat Time contributions, videos and images are available on this issue's Digital Edition, included with every print subscription. To sign up for your Digital Issue, go to www.corvettemarket.com/digital or call 503.261.2555 ext. 1 Departments 6 Publisher's Note 8 Insider's View: Which C6 Corvette is the best buy: A 2007 Z06 coupe at $42,400, a 2009 ZR1 Lingenfelter coupe for $74,200 or a 2010 Grand Sport Callaway for $84,800? 10 Courtroom Corvettes: This Hawaii lawsuit over a Corvette sale was a volcano that spewed hot tempers and hot litigants down the cliffs of justice for six years 12 Events: Things to do and places to be with your Corvette 14 Auction Calendar 36 Market Overview 86 By The Numbers: Top Corvettes sold since February 2011 88 Price Guide: Current Corvette pricing 92 Trick Stuff: Vintage-look radio, high-tech ramps, sturdy new jack stand 94 In Miniature: Danbury Mint's 1996 Corvette Grand Sport in 1:24 scale 94 Speaking Volumes: Weekend Projects for Your Classic Corvette: 1953–1982 and Weekend Projects for Your Modern Corvette: C4–C5–C6 96 Resource Directory: Meet your Corvette's needs 98 Vette-o-bilia: Corvette models, a Zippo lighter and a casino chip www.corvettemarket.com SUMMER 2011 Corvette Market 5


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Publisher's Note By Keith Martin Summer of Fun Corvette Market Keith Martin's Volume 4 . Issue 16 . Summer 2011 Publisher Keith Martin Operations Manager Ryan Brinkley Executive Editor Chester Allen Art Director Jeff Stites Managing Editor Jim Pickering Auction Editor Tony Piff Data Analyst Chad Tyson Copy Editors Yael Abel Bill Neill Auction Analysts B. Mitchell Carlson Tom Glatch Daniel Grunwald John Clucas Chip Lamb Norm Mort Dale Novak Phil Skinner Contributors Carl Bomstead Marshall Buck Colin Comer John Draneas Michael Pierce John L. Stein Information Technology/ Internet Bryan Wolfe Lead Web Developer Marc Emerson Financial Manager Nikki Nalum Print Media Buyer Wendie Martin Director CM Television Roger Williams ADVERTISING SALES Advertising Executive Tom Mann tom.mann@corvettemarket.com 877.219.2605 x 211 SUBSCRIPTIONS Corvettes at Concorso last event?” We always have a great time seeing old friends and meeting new ones at Bloomington I Gold. The one thing that all car fanatics have in common is passion, and there's no shortage of that at Pheasant Run, where Bloomington Gold is held. I had the pleasure of introducing and interviewing the inductees to this year's Great Hall, and you'll find information about the ceremony on p. 20. Between the five Corvette guys, there was easily more than 200 years of cumulative Corvette experience, and they all had terrific stories to tell. We're gearing up for Monterey now, and we hope to see you at Corvettes at Concorso, the only Corvette-only corral of the weekend—and positioned at Concorso Italiano. Being surrounded by Ferraris is not a bad thing, especially when your 505-horsepower Z06 set you back $42,000 (see this month's cover story) and the 400-horsepower in that other guy's used Modena 360 cost $85,000. Provenance and Price As we watch Corvettes cross the auction block, what continues to stand out is the value of paperwork. With so many hundreds of thousands of Corvettes produced, the market is always looking for a reason to value one higher or lower than another. When it comes to cars with rare options, such as the 1967 L89 featured on page 26, not having the proper historical documentation can easily reduce the market value by 50%—or more. So when you go shopping, follow Ronald Reagan's mantra of: “Trust but verify.” If you're spending serious money on a car because it supposedly has rare options, don't be afraid to spend a little more up-front money on an expert inspection. It's far better to walk away from a suspect than to find out you didn't get the car you paid for—after it arrives in your garage. Enjoy the summer, and we look forward to seeing you in Monterey. ■ 6 Corvette Market SUMMER 2011 www.corvettemarket.com n January, we wonder if we'll ever see the sun again. By April, we've started tuning and cleaning. By August, Corvette Summer is in full tilt. The two components to Corvette Market are really value and pleasure. “What's my Corvette worth?” is one question we hear often and the other is, “Did you have fun at your Subscriptions Manager Kyle McBride Subscriptions Coordinator Rich Coparanis Subscriptions 877.219.2605 x 1 9 am to 5 pm, M–F service@corvettemarket.com 503.253.2234 fax @cmhelp CORRESPONDENCE Phone 503.261.0555 Fax 503.253.2234 General P.O. Box 4797 Portland, Oregon 97208 FedEx/DHL/UPS 401 NE 19th Street, Suite 100 Portland, Oregon 97232 Email help@corvettemarket.com Web www.corvettemarket.com JOIN US Corvette Market magazine (ISSN# 1939-6481) is published quarterly by Automotive Investor Media Group, 401 NE 19th Street, Suite 100, Portland, OR 97232. POSTMASTER: Send address changes to Corvette Market, PO Box 4797, Portland, OR 97208. The information in Corvette Market magazine is compiled from a variety of reliable sources. However, we disclaim and deny any responsibility or liability for the timeliness, use, interpretation, accuracy, and completeness of the information presented. All material, data, formats, and intellectual concepts in this issue © 2011 by Keith Martin's Corvette Market, LLC, Automotive Investor Media Group, and Automotive Investor in this format and any other used by Corvette Market magazine. Copyright registered with the United States copyright office. PRINTED IN USA


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Insider's View The current state of the Corvette Market Which C6 Corvette Would You Buy? Is this a choice between a good buy on a fun driver—or forking over the big bucks for a fire-breathing, state-of-the-art supercar? T he CM question: Corvette Market is profiling these three C6 Corvettes in this issue: • A 2007 Z06 coupe, Lot S53 at Mecum St. Charles, where it sold for $42,400. • A 2009 ZR1 Lingenfelter coupe, Lot S166 at Mecum Indianapolis, where it sold for $74,200. • A 2010 Grand Sport Callaway convertible, Lot S120 at Mecum St. Charles, where it sold for $84,800. Which of these Corvettes would you buy and why? CM readers say... percharger has positive pressure, nothing sounds better. Mark Rudnick, via email: I would purchase the 2007 Triple Black Z06. First of all, I prefer my Corvettes stock. A Triple Black 2007 Z06 Corvette, fully optioned, is to my way of thinking, an elegant ride, with more power than can be enjoyed in even the most “spirited legal driving” situations. At $42,400, the car is being purchased at $10,500 below the low of $52,900 offered in Corvette Market's Buy-Sell Price Range for a 2007 Z06, with the high being $56,700. The car sounds like the ideal type of pre-owned Corvette to buy, as it is coming from the original owner, with all the original purchase documents, manuals and maintenance records—and brand-new rubber on the wheels. This Corvette, if maintained, 2007 Z06 coupe Michael Marks, Homestead, FL: I wouldn't buy any of those C6s, as GM built them for little people. I'm 6'5” and don't fit in a C6. I fit in my C3 comfortably, and I fit in C5s and C2s comfortably. C4s are tight, and C1s are tight due to the steering wheel, but C6s are totally are out of the question. Tony Boschetti, via email: I would choose the 2007 Z06. A lot of performance for the money spent relative to the other cars. Assuming all of the cars are in great shape. Bill Lacy, via email: The ZR1 because it will probably be the last super V8 Corvette. Michael Harbin, Lake Tapps, WA: For the money, a current model ZR1 is the best-performing car in the world—and at $74k it's an even better bargain. BIG POWER + BIG BRAKES + GREAT HANDLING = BIG FUN and BIG SMILES, knowing that I didn't need to rob a bank to become the owner of this FUNMOBILE! Alan Andrea, via email: I'd buy the 2009 ZR1. Limited production, huge power, amazing bang for the buck, and it probably will be remembered like the ‘67 427/435 cars in the long run, due to tightening fuel economy and emissions standards. Rumor has it that GM is considering a 6 cylinder Corvette.... Stephen Light, via email: I've had all three, and the ZR1 is by far the best of the breed. It rides well, performs better than the others, and is still frugal to operate. Besides, when the su- can be thoroughly enjoyed for years to come, will retain its value, and over time, appreciate. Matt Turner, via email: Without knowing mileage or condition, it's tough, but assuming they were all three the same, I would have to go with the ZR1! To me, of the three, it looks like it represented the best value. But that's hard to say with not knowing the exact options on the Callaway. I have had a 2007 Z06 and a 2008 Callaway convertible but never a ZR1. In fact, I have never even driven one. So, for me, it's the ZR1 all the way! Walter Koroluk, via email: I would be interested in purchasing the Callaway if it has less 8 Corvette Market SUMMER 2011 www.corvettemarket.com


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than 5,000 miles and comes from an area where it is only driven a few months, as it would be an upgrade from our 2008 C6 convertible with the Z51 package. I believe it is a good deal to purchase used Corvettes, with less than 5,000 miles, and from northern locations where the car is only driven for a few months of the year. Most southern cars, especially Florida Corvettes, are driven year-round and will most likely have high mileage. Victor Dominelli, San Diego, CA: Clearly, for longterm considerations, the 2009 ZR1 coupe would be the “must have” acquisition. This car could very well mark the end of an era where big displacement and high horsepower went hand in hand. Then again, weren't the Rolling Stones also supposed to retire at some point? No doubt that Corvette will keep on rocking, but unlike Mick and Keith, the packaging will most likely 2009 ZR1 Lingenfelter coupe mature and evolve for its next generation. Tom Blount, Jacksonville, FL: Depends on mileage and colors, but my current 2007 Z06 is hands-down the best all-around car I have ever had, and I've had a bunch. $42k is a bargain. On the other hand, again depending on mileage and color, the ZR1 at that price could be a real deal! Best ZR1 colors are gray 2010 Grand Sport Callaway convertible n 5,000 miles and comes from an area where it is only driven a few months, as it would be an upgrade from our 2008 C6 convertible with the Z51 pack- age. I believe it is a good deal to purchase used Corvettes, with less than 5,000 miles, and from northern locations where the car is only driven for a few months of the year. Most southern cars, especially Florida Corvettes, are driven year-round and will most likely have high mileage. Victor Dominelli, San Diego, CA: Clearly, for long- term considerations, the 2009 ZR1 coupe would be the “must have” acquisition. This car could very well mark the end of an era where big displacement and high horsepower went hand in hand. Then again, weren't the Rolling Stones also supposed to retire at some point? No doubt that Corvette will keep on rock- ing, but unlike Mick and Keith, the packaging will most likely 2009 ZR1 Lingenfelter coupe mature and evolve for its next generation. Tom Blount, Jacksonville, FL: Depends on mileage and colors, but my current 2007 Z06 is hands-down the best all-around car I have ever had, and I've had a bunch. $42k is a bargain. On the other hand, again depending on mileage and color, the ZR1 at that price could be a real deal! Best ZR1 colors are gray 2010 Grand Sport Callaway convertible and and black, the others look like a clown car. Allen Gentry, via email: The 2007 Z06 coupe. The choice, for me, is to have this car to use and enjoy. My 60,000-mile 1972 coupe spends too much time in the garage. This is my fault, but I worry when it is out in the real world, and I hate to put the miles on her. This Z06 could be a fantastic daily driver and trip ride. ■ www.corvettemarket.com SUMMER 2011 Corvette Market 9


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Courtroom Corvettes The legal side of the hobby. By Bruce Shaw, Esq. A Six–Year Court Battle over a $31k Corvette This case was a legal volcano that spewed filings, motions, arguments and appeals—all to the detriment of the parties involved Is a 1990 Corvette worth six years of legal battles and lawyer's fees? and hot litigants down the cliffs of justice for six years—and ended with the litigants finally cooling off and paying their hefty legal fees. Davis vs. Wholesale Motors et al—was a legal volcano that produced filings, mo- W most. The lava begins to bubble However, during the next few days, Wholesale Motors learned that Davis already owed money on the Grand Prix. He had misstated on his credit application that he had no liens on the car. In reality—on the very same day that Davis had traded in the Grand Prix—he had earlier given the title to the Grand Prix to another loan company for security for another loan! In addition, Davis' check to Wholesale Motors for the $5,000 down payment bounced. To add to Wholesale Motors' troubles, both General Motors Acceptance Corporation and Mazda American Credit refused financing the Corvette for Davis 10 Corvette Market SUMMER 2011 www.corvettemarket.com tions, arguments and appeals—all to the detriment of the parties involved. In February 1992, Tom Davis went to Wholesale Motors in Honolulu to negotiate the purchase of a 1990 Corvette. Davis wanted to trade in this 1989 Pontiac Grand Prix as part of the deal. The salesman stated the Corvette list price as $31,995, and that the 1989 Pontiac Grand Prix had a trade-in value of $6,000. Later that day, Davis gave Wholesale Motors a check for $5,000 and traded in his Grand Prix under the terms of an agreement of sale. He also entered into a credit sale contract for the balance. So far so good. Davis got a Corvette and Wholesale Motors had made a sale—al- hen I think of Hawaii, l think of volcanoes with huge streams of lava flowing down the countryside destroying everything—and then it all ends up in a steam cloud as the lava cools in the ocean. This Hawaiian lawsuit over a damaged Corvette spewed hot tempers because of his insufficient income. Wholesale Motors contacted Davis and demanded return of the Corvette. Davis complied, but only after “road testing” the Corvette for 10 days. Davis returned the car to Wholesale Motors with an extra 1,200 miles on the odometer and in a condition that made it seem as though the Corvette had been used as an off-road vehicle. The frame was packed with red mud and one of the Corvette's aluminum mag rims was bent. Due to the damaged condition of the returned Corvette and the lost sale, Wholesale refused to give Davis back his Grand Prix—as they were claiming liquidated damages for his misrepresentations. The volcano erupts! In April 1992, Davis filed a lawsuit against Wholesale for keeping his Grand Prix, breach of contract and consumer fraud. He claimed that Wholesale had overstated the sales price of the Corvette and understated the tradein value of his Grand Prix. In his complaint, Davis sued for general damages, triple damages, punitive damages, attorney fees, court costs and an injunction to stop Wholesale from any future unfair and deceptive trade practices. Never mind that Davis wrote the bad check and traded in a car with an encumbered title. In retaliation, Wholesale immediately filed a counterclaim lawsuit against Davis for fraud, breach of


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contract, negligence, and malicious conduct. Wholesale sued for general damages, special damages, liquidated damages, and punitive damages, attorney fees and costs—and a court order permitting them to retain the Grand Prix. In June 1992, Davis filed a motion asking the court to rule against Wholesale. Wholesale, likewise filed a motion with the court to rule against Davis. In August 1992, the Court denied Davis' motion. Davis then immediately filed another motion for reconsideration of the motion that the Court had just denied. For some reason the Court found for Davis this second time. After the Court found for Davis, then Wholesale im- mediately filed a motion with the Court to deny Davis. Then Davis filed another motion with the Court to amend his complaint, as he now had new information. Wholesale promptly filed a motion to oppose the Davis motion. Dizzy yet? We haven't even started talking about the money. Money-burning motions Now, attorney fees are no small factor here. To draft, research and present a motion would be a minimum of five hours at about $350 per hour. To argue the motion in open court would be another 3 hours. Added together, the bill for just one of the many motions referred to above would be at least $2,800. That is about 50% of what the Grand Prix was worth in the first place. In this case, there were multiple motions and multiple hearings. Who really wins? The attorneys, of course. In the end—after months and months of litigation—the Court ruled that both parties were trying to cheat each other. The Court found that both parties had made material misrepresentations to the other party. The Court held that both parties had rendered their own contract null and void. The Court then applied a “Contract in Law” (the court's own contract) and awarded Davis the fair market value of the Grand Prix—less the damages that he had caused to Wholesale Motors' Corvette. Wholesale was awarded the amount of damages to the Corvette and had to pay Davis the fair market value of the Grand Prix. The Court also held that both parties were liable for their own court costs and attorney fees. Had enough yet? These two parties hadn't. Both parties appealed the decision of the Court and filed a myriad of issues relative to disqualification of each other's expert witness for the fair market value of the Grand Prix and disqualification of attorneys for conflicts of interest. The case was finally resolved in 1998. The end result was almost the same as what could have been settled by the parties in the beginning—without the need to sue each other: • Wholesale Motors had to give the Grand Prix back to Davis. • Davis had to pay Wholesale Motors for the Corvette damage. So what is to be learned here? First, “Don't let ego make you broke.” Don't start a lawsuit and waste thousands of dollars just to vindicate yourself. Don't start a lawsuit when you yourself have skeletons in your own closet. Finally, the adage “May the best man win” does not necessarily apply in litiga- tion. ■ BRUCE SHAW, ESQ. is an attorney specializing in collector car fraud. He is a former Bloomington Gold instructor, and an NCRS national judge. His comments are general in nature and are not intended to substitute for consultation with an attorney. www.corvettemarket.com SUMMER 2011 Corvette Market 11


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Insider's View Event Guide Arizona September 12–16, 2011 Performance Auto Tour to Grand Canyon, Bryce Canyon and Zion national parks, Flagstaff This all-Corvette tour leaves Flagstaff for four days of fun driving through some of the western United States' most beautiful landscapes. The tour also includes four nights in deluxe hotels, a boat tour of Lake Powell, a sunset dinner at Lake Powell, a dinner in Zion National Park and, of course, drives in three national parks. The tour covers 500 miles on scenic roads, and there are no freeways or interstate highways. The tour ends in Springdale, UT. $998 per person, based on double occupancy. www.bloomingtongoldtours.com. October 10–14, 2011 Vintage 500 Tour of Grand Canyon National Park, Flagstaff This tour is open to all cars built in 1973 or before, but this tour is really for the owners of Bloomington Gold Corvettes who want to get their cars TourCertified. That said, your Corvette doesn't need to be a Bloomington Gold winner to participate in the tour. This trip to Grand Canyon National Park and Sedona, AZ, includes four days of guided touring and four nights deluxe lodging, which includes four hot breakfasts, two lunches and two dinners. $998 per person, based on double occupancy. www.bloomingtongoldtours.com. California August 19, 2011 Corvettes at Concorso, Monterey Bring your Corvette to Monterey Car Week and park it on the Laguna Seca Golf Ranch fairway at Concorso Italiano as part of Corvettes at Concorso. Corvette Market, along with Barrett-Jackson, will host the third annual event. Corvettes will have their own corral, along with a complimentary hospitality tent and awards presented by CM's own Michael Pierce. Award includes “People's Choice,” “Farthest Driven,” and “Most Original.” CM Publisher Keith Martin will serve as emcee of Concorso Italiano— and he will certainly visit the Corvette corral. All Corvettes at Concorso entrants will get a T-shirt to mark the day. CM will have a booth at the event. CM also will be present at many of the other events during the week. Registration for Corvettes at Concorso is $145. For more information, visit www. concorso.com. Look for the CM crew at The Quail: A Motorsports Gathering, the Pebble Beach Concours d'Elegance, the Russo and Steele auction, the RM auction, the Mecum auction and the Gooding auction. 12 Corvette Market SUMMER 2011 www.corvettemarket.com SUMMER 2011 www.corvettemarket.com Have a smokin' time at the Z06 Fest in Kentucky Illinois September 16–18 Mid America Corvette Funfest, Effingham The 18th Annual Corvette Funfest includes the Fun Run Road Tour and Downtown Party, technical seminars, and a concert with Don Felder of the Eagles. High-mileage Corvette displays, installation of Corvette products on your car, an Exhaust Wars Sound-Off and other popular events fill the schedule of this Corvette extravaganza. Parties fill the night, and many Corvette clubs and thousands of Corvettes come to Funfest. This year, Publisher Martin and CM writer Michael Pierce will serve as celebrity judges. Registration fees range from $25 to $250 per person, and, as you'd expect, you get more when you pay more. www. corvettefunfest.com. Kentucky September 1–3, 2011 National Corvette Museum's 17th Anniversary, Bowling Green Drive your Corvette on road tours to popular attractions in Kentucky and Tennessee, attend Corvette seminars, wine and dine, dance at a sock hop, bid for Corvette items during an auction, and enjoy many other activities, including the spectacular Corvette Museum. Corvette lovers from all over the United States will be on hand—and think of all those cars. www.corvettemuseum.com. September 15–17, 2011 Z06 Fest, Bowling Green The Z06 Fest is the National Corvette Museum's speed and performance event of the year. Drag racing, autocross, tech ses- The current state of the Corvette market Send your Corvette event listing to cmcalendar@corvettemarket.com. National Corvette Museum


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Insider's View Event Guide Michigan August 27, 2011 The 22nd Annual Corvette Crossroads Auto Show, Mackinaw City Hundreds of Corvettes will cruise local roads and be on display at the Mackinaw Crossings Mall parking lot. The festivities include a parade of Corvettes across the Mackinac Bridge. All Corvettes are welcome. www. mackinawchamber.com. Nevada August 9–14, 2011 Hot August Nights, Reno The 25th Anniversary of one of the biggest car and music festivals on the planet is upon us, and 800,000 people and thousands of cars—including lots of Corvettes—show up for the big party every year. The week is a seemingly endless stream of concerts, sock hops and auctions. And there is always a lot of great cars—many of them Corvettes— cruising the strip. Most events are free, but those casinos remain pay-to-play for all. A smaller version of this party happens at South Lake Tahoe from August 6 to 9, so the truly committed can wallow in cars and doowop for a solid nine days—and hot nights. www.hotaugustnights.net. Pennsylvania August 26–28, 2011 Corvettes at Carlisle, Carlisle More than 5,000 Corvettes and many more Corvette fans will roar into one of the world's largest Corvette events. Autocross, dyno testing, burnouts, and a Corvette parade through Carlisle are very popular, but don't miss the giant swapmeet, Car Corral sales, Installation Alley and the sheer fun of hanging out with fellow Corvette addicts. Tickets start at $14. www.carlisleevents.com. Texas September 10, 2011 Vettes & Jets on the Lex 2011, Corpus Christi Few combinations excite the eye more than high-performance cars and high-performance aircraft. Add in the famous USS Lexington Essex-class aircraft carrier, and you've got a winner of an event. Corvettes are loaded onto the carrier for the day, and can anything beat seeing a bunch of Corvettes on the deck of an aircraft carrier? Sure—seeing your Corvette posing on the deck! www. vettesandjetsonthelex.org. ■ 14 Corvette Market SUMMER 2011 www.corvettemarket.com SUMMER 2011 www.corvettemarket.com The current state of the Corvette market sions, road tours, a poker run and a banquet are planned—and all events have a special focus on the Z06 Corvette. Participants also get a preview of the 2012 at the Bowling Green plant. www.corvettemuseum.com. Send your Corvette event listing to cmcalendar@corvettemarket.com. Vettes and Jets on the Lex SEPTEMBER Auction Calendar OCTOBER 1–4—AUCTIONS AMERICA BY RM Auburn, IN 2–4—WORLDWIDE Auburn, IN 3–4—SILVER Sun Valley, ID 15–18—MECUM St. Charles, IL 17—CLASSIC MOTORCAR Canton, OH 18—BONHAMS & BUTTERFIELDS Westport, CT 22–24—BARRETT-JACKSON Las Vegas, NV 23–25—MECUM Geneva Lake, WI 24—SILVER Portland, OR 29–OCT 1—AUCTIONS AMERICA BY RM Carlisle, PA 1–2—VANDERBRINK Greenwood, NE 6–7—RM Hershey, PA 6–8—MECUM Dallas, TX 7–8—VICARI Biloxi, MS 14–15—TOM MACK Charlotte, NC 14–15—CROWN Tampa, FL 15—SPECIALTY AUTO AUCTIONS Loveland, CO 15—VANDERBRINK LaMoure, ND 21–22—BRANSON Branson, MO 21–23—COLLECTOR CAR PRODUCTIONS Ontario, CAN 22—VANDERBRINK Westville, OK 28–29—DAN KRUSE CLASSICS San Marcos, TX 29—SPECIALTY AUTO AUCTIONS Loveland, CO NOVEMBER 12—VICARI Panama City Beach, FL 18–20—LEAKE Dallas, TX 18–20—MCCORMICK Palm Springs, CA 26—DAN KRUSE CLASSICS Houston, TX DECEMBER 1–3—MECUM Kansas City, MO 2–3—RALEIGH CLASSIC Raleigh, NC 8–11—HOLLYWOOD WHEELS West Palm Beach, FL


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Bloomington Gold Is Your Corvette a Factory-Correct Car? A Survivor Car is a time machine that takes judges back to the assembly line on the day it was born by CM Staff Taking a look, checking it twice.... B loomington Gold is one of the biggest Corvette events of the year. Hundreds of Corvettes and their owners and rumble—hopefully, the rumbling is the result of factory-correct exhaust systems—to the Pheasant Run Resort in St. Charles, IL. Some people are there to connect with other Corvette fans, see other Corvettes and wallow in an all-Corvette vacation. But others are there to win Bloomington Gold certification for their Corvettes. This year, owners put up more than 150 Corvettes for judging, and they paid a $575 fee for 1953–1972 cars and $450 in fees for 1973–2010 cars. There is no guarantee that any car will win Silver, Gold, Survivor or Benchmark status. Bloomington Gold's eagle-eyed judges eye more than 200 com- ponents on each car, and each Corvette has about 8,500 credits as a starting point. Points are deducted for car parts that have deteriorated or are not “factory typical.” At Bloomington Gold, “factory typical” means that part of the Corvette goal looks as though it has just come off the Chevrolet assembly line. There are three levels of certification: 16 Corvette Market SUMMER 2011 www.corvettemarket.com • The Bronze award goes to Corvettes that are 85 to 89 percent factory typical. • The Silver Award goes to Corvettes that are 90 to 94 percent factory typical. • The Gold Award goes to Corvettes that are 95 to 100 percent factory typical. Another award, Survivor, is given to Corvettes that are more than 50 percent unrestored. Benchmark is the ultimate award—it is perhaps the Holy Grail for Corvette owners—as it means that the car has achieved Gold, (95 to 100 percent factory typical), and the car also meets Survivor status, which means it is factory-correct and at least 50 percent of the Corvette is in unrestored, original condition. This year, just 39 Corvettes achieved Benchmark status. Corvette Market was a sponsor of the Bloomington Gold certifica- tion process, and CM Publisher Keith Martin was emcee for the fourth consecutive year. Publisher Martin also participated in the panel discussion with the 2011 Great Hall inductees ■ Ryan Brinkley


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2011 Certificate Recipients (CMers are in red) Benchmark Robert Atkins—Lagrange, IL 1966 427/390 Jody Balch—Clovis, NM 1965 396/425 Jack Barnett—Albuquerque, NM 1970 327/375 Keith Burmeister—Maumee, OH 1967 427/435 Tim Deatley—Antioch, IL 1978 350/185 William Folse—Metairie, LA 1991 ZR-1 Edward Foss—Roanoke, IN 1971 454/365 Pam Lambert—Gilbert, WV 1990 350/375 John Malmquist—Madison, WI 1988 350/240 Dominic Rossi—Elgin, IL 1978 350/180 Jameson White—Buffalo Grove, IL 1987 350/345 Gold Fred Alley, Jr.—Troutville, VA 1963 327/340 Robert Atkins—Lagrange, IL 1966 427/390 Thomas Baker—Grafton, MA 1975 350/165 Jody Balch—Clovis, NM 1965 396/425 Jack Barnett—Albuquerque, NM 1965 327/375 1970 350/370 Robert Bean—Chandler, IN 1994 5.7/300 Ronald Berggren—Littleton, CO 1995 5.7/300 Ed Brennan—Brick, NJ 1963 327/340 1967 427/390 Jack Buckerfield—Harrison Township, MI 1961 283/315 Keith Burmeister—Maumee, OH 1967 427/435 Jeffrey Congdon—Indianapolis, IN 1967 427/390 George Coniglio—Thonotosassa, FL 1954 235/150 Robert J. Connolly—Norwell, MA 1967 327/350 Jerry Cosler—Lebanon, IN 1959 283/290 Donald Crowe—Springville, AL 1961 283/270 John Darnell—Hopkinsville, KY 1957 283/245 Hanley Dawson III—Schaumburg, IL 1961 283/245 Tim Deatley—Antioch, IL 1978 350/185 Michael DiFate—Stamford, CT 1966 427/425 Margaret Duhon—Chicago, IL 1955 265/195 Peter R. Flemming, Sr.—Madison, NJ 1967 427/390 William Folse—Metairie, LA 1991 ZR-1 Edward Foss—Roanoke, IN 1970 454/365 1971 350/370 Paula & Biff Franks—McLean, VA 1954 235/150 Jaime Gesundheit—Sherman Oaks, CA 1962 327/360 Richard Grant—East Meadow, NY 1969 427/435 David & Mary Gulley—Maumelle, AR 1962 327/250 Richard Guthrie—Alpharetta, GA 1967 427/400 Greg & Diane Haliday & Ralph Ridge—New Zealand 1958 283/250 Charles Hannoosh—Boxford, MA 1962 327/250 Michael Harling—Dallas, TX 1957 283/245 Rich Haydinger—Moorestown, NJ 1969 427/435 Richard Hoover—Yorkville, IL 1957 283/270 Tim Hunter—Manteca, CA 1962 327/360 Kevin Hyatt—Rochester, IL 1963 327/360 James Isonhood—Henderson, KY 2001 5.7/385 Alexander Jedynski—West Babylon, NY 1960 283/290 Cary Kissner—Newport, MN 1960 283/245 Pam Lambert—Gilbert , WV 1977 350/180 1990 350/375 1996 5.7/330 2000 5.7/345 2002 5.7/405 Larry Lipsitz—St. Louis, MO 1967 427/435 Craig Loudat—Rockford, IL 2000 5.7/345 Richard Lyon—Tomball, TX 1967 427/435 C1 Corvettes drive the fairway at Pheasant Run John Malmquist—Madison, WI 1988 350/240 William Mehrkens—Rockville Centre, NY 1973 454/275 Don Meluzio—York, PA 1967 427/435 Jerry Miller—Delphi, IN 1954 235/150 Vance Miller—Monroe, WI 1962 327/360 Richard Morgante—Armonk, NY 1967 427/400 David Muslin—Glencoe, IL 1963 327/360 William Nichols—Farmington Hills, MI 1963 327/250 Robert Obrien—Lone Tree, CO 1958 283/230 Anthony Petruzzelli—Hoboken, NJ 1966 427/425 Ronald Pockrus—Harlingen, TX 1967 327/350 Gerald Pockrus—Harlingen, TX 1971 454/425 1978 350/220 Dominic Presty—Eads, TN 1965 327/375 William J. Privitar—Palm Coast, FL 1967 327/350 Vernon Randel—Erie, CO 1963 327/360 Jeff Reade—Santa Monica, CA 1964 327/375 James Ribikawskis—Oak Lawn, IL 1965 327/365 Dominic Rossi—Elgin, IL 1978 350/180 James R. Sandlin—Ortonville, MI 1959 283/270 Tom Schaeffer—Kansas City, MO 1958 283/290 Jay Schwartzapfel—Livingston, NJ 1965 327/375 Daryl Senick—Barrie, ON, Canada 1978 350/185 Bobby Shepherd—Rochester, IN 1958 283/290 Howard Steinberg—Ivyland, PA 1967 427/435 Nunzio R. Stella—Toms River, NJ 1966 427/390 John Strewe—Park Ridge, IL 2003 5.7/350 Stephen Tvorik—Huntington Beach, CA 1973 454/275 Ron Whitacre—Batesville, IN 1953 235/150 Jameson White—Buffalo Grove, IL 1987 350/345 Dr. George Williams—Marion, IL 1988 350/240 Silver Michael Demasi—Toms River, NJ 1967 327/350 Jack Gillette—Lake George, NY 1981 350/190 1982 350/200 Michael I. Gilson—Sterling Heights, MI 1966 327/350 Mike Gramse—Fairbault, MN 1957 283/270 Leslie Kina—Palos Hills, IL 1975 350/275 Larry Kluge—Long Grove, IL 1978 350/220 Pam Lambert—Gilbert, WV 1978 350/175 Tom Marcucci—Wixom, MI 1969 427/430 Gary Mueller—Minooka, IL 1967 427/390 Randy Van Essen—Otley, IA 1978 350 Bronze Kenneth Joseph—Canton, OH 1956 265/225 Participation Leslie Kina—Palos Hills, IL 1975 350/275 Steven Wallach—Boca Raton, FL 1956 265/225 Survivor Robert Atkins—Lagrange, IL 1966 427/390 Thomas Baker—Grafton, MA 1975 350/165 Jody Balch—Clovis, NM 1965 396/425 Jack Barnett—Albuquerque, NM 1970 350/370 Keith Burmeister—Maumee, OH 1967 427/435 Tim Deatley—Antioch, IL 1978 350/185 Michael Demasi—Toms River, NJ 1967 327/350 Diane Emling—Traverse City, MI 1976 William Folse—Metairie, LA 1991 ZR-1 Edward Foss—Roanoke, IN 1971 454/365 Steven Gilboy—Cambria, WI 1978 350/250 Jack Gillette—Lake George, NY 1981 350/190 1982 350/200 Richard Grant—East Meadow, NY 1969 427/435 Peter Hendricks—Marietta, GA 1967 327/350 George Jones—Princeton, KY 1964 327/375 Trine Jorgensen—Collierville, TN 1990 Kenneth Joseph—Canton, OH 1956 265/225 Larry Kluge—Long Grove, IL 1978 350/220 Ken Koopmann—Altoona, WI 1963 327/300 Pam Lambert—Gilbert, WV 1977 350/175 1978 350/180 1990 ZR-1 John Malmquist—Madison, WI 1988 350/245 Tom Marcucci—Wixom, MI 1969 427/430 Joe Pontarelli—Cicero, IL 1986 350/235 Steve Quies—Machesney, IL 1971 350/270 Dominic Rossi—Elgin, IL 1978 350/180 James Schifferdecker—Millstadt, IL 1975 350/165 Jay Schwartzapfel—Livingston, NJ 1965 327/375 Brad Shufelt—Schaumburg, IL 1972 350/250 Chuck Trascritti—Naperville, IL 1991 350/250 Wayne Valentine—Upland, IN 1961 283/230 Steven Wallach—Boca Raton, FL 1956 265/225 Jameson White—Buffalo Grove, IL 1987 350/345 Dr. George Williams—Marion, IL 1988 Z01 www.corvettemarket.com SUMMER 2011 Corvette Market 17


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Bloomington Gold In Pictures Corvettes of Bloomington 2011 Images by CM Staff More black C1s than left St. Louis C2s on the fairway No shortage of choices Tri-Power exam 18 Corvette Market SUMMER 2011 www.corvettemarket.com Red, white and blue


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When in the Midwest There are 200 components to check A Grand lineup of 1996 Corvettes Can you spot the real one? A one-year wonder www.corvettemarket.com SUMMER 2011 Corvette Market 19


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The Great Hall Bloomington Gold 2011 Ten great people and ten great Corvettes inducted into the Great Hall by SCM Staff B loomington Gold 2011 saw the second group of cars, people and organizations welcomed into the Great Hall. By 2014, the Great Hall will have celebrated the stories of 50 great cars and 50 great people or organizations. This year's inductees include legendary Corvette people, such as racer Tony DeLorenzo, parts supplier Ralph Eckler and visionary leader Dan Gale. Notable cars recognized this year included the 1971 ZR2, the first 1967 L88 and the 1960 Le Mans Racer Number 3. Every inductee into the Great Hall is a groundbreaking person, car or organization. The 2011 Inductees (Biographical information courtesy of Bill Locke, Bloomington Gold) Ralph Eckler Vendor, marketer, collector and restorer The purchase of a 1960 Corvette from a salvage yard started Eckler's career as a manufacturer of custom and restoration parts. Eckler made Corvette repair and modification practical long before the current craze of aftermarket accessories—he was the pioneer of Corvette personalization. Tony DeLorenzo Corvette racing Mr. DeLorenzo got his start driving Corvettes for Ed Cole and Bill Mitchell during the early 1960s. He got a sponsorship from a Detroit Chevrolet dealer, who made it possible for DeLorenzo to strap into the first production 1967 L88 Corvette. Tony and the L88 won their first race, and many more, including second place at the 1968 24 Hours of Daytona, winning the 1970 SCCA National Championship, winning the 1970 12 Hours of Sebring and winning the 1971 24 Hours of Daytona. M.F. Dobbins Researcher, author, restorer and manufacturer In 1977, Dobbins decided to write the first factual manual on Corvettes, and he wrote many more. With his pioneering research on mid-year Corvettes, Dobbins knowledge and skills fit the specs of what Bloomington Gold was seeking. Dobbins was one of the creators of Bloomington Gold Certification and he was one of the original Bloomington Gold judges. Roger Judski Collector and Corvette hobbyist Judski started from scratch in 1970 to assemble one of the greatest collections of Corvettes in the world. Since then, he has collected some of the rarest Corvettes, including two 1967 L88s, a 1968 L88, a 1969 ZL-1 and many others. The Judski Collection is on public display at Roger's Corvette Center in Maitland, FL. The collection inspires others into getting involved with Corvettes. Dan Gale National Corvette Museum visionary Gale led—through passion, vision and influencing others—the way to the creation of the National Corvette Museum in Bowling Green, KY. Gale was the museum's president from 1992–94, and he worked tirelessly to see Zora Arkus-Duntov's dream of a Corvette museum become reality. Gale got the job done. 1963 327/300 Harley Earl convertible 20 Corvette Market SUMMER 2011 www.corvettemarket.com Gary Mortimer Researcher, author, restorer, founder and facilitator Mortimer is one of the origi- nal seven founders of the NCRS, and he was the group's first president. Mortimer also helped found the National Corvette Museum. Although hundreds of others have helped make NCRS a success, it was this quiet, stable and likeable man who has been THE name connected with NCRS.


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The Cars tiger? We weren't quite sure, but we loved that car and weren't going to let it go.”—Ed Cole, Chevrolet CEO. The 1955 Corvette V8 marked Ken and Gary Naber Corvette restorersx Ken and Gary Naber have restored and repaired Corvettes since 1963, and, since 1986, Naber Brothers has focused on world-class Corvette restorations. They are one of the leading sources for Bloomington Gold- and NCRS-quality restorations. They have also served as judges for decades. They have influenced thousands of Corvette owners to restore their cars to factory-authentic appearance. Joe Pike Marketer, promoter and writer From 1960 to 1974, Pike was editor of Corvette News. He was one of the founders of the National Council of Corvette Clubs, and he was the National Sales Promotion Manager for Corvette. Pike knew that the Corvette would never make it unless the cars won acceptance from sports car people. Pike made Corvette a lifestyle by setting up a national group of Corvette clubs. Without Pike, the Corvette Phenomenon may never have happened. 1978 Pace Car Increased public awareness of Corvette Owner: Ed Foss A front-page story in the Wall Street Journal announced that Limited Edition Corvettes (maybe 300) would be produced as replicas of the car that paced the 1978 Indianapolis 500 and proclaimed these would become an “immediate collectible.” Selection to pace the race coincided with Corvette's 25th Anniversary. Painted silver and black, trimmed with Indy decals...this would be a distinctive look for both track and street. Good marketing! Too good? Fearing legal action from its dealers, Chevrolet decided to build enough Pace Cars to supply each dealer at least one, a tactic that exploded final production to 6,502. Inevitably, supply and demand caught up with reality and by race day, prices dropped like a bag of hammers. However, the Pace Car became the first Corvette to be recognized on the national scene in this light. NCRS Education, publishing, judging and influencing the direction of the hobby The first NCRS Meet was at Wapakoneta, OH in 1974. Since then, the organization has grown to 16,000 Corvette-happy families across 44 chapters. More than 50,000 people have belonged to the group during the past 37 years. NCRS has a robust judging and awards program— and has amassed enormous amounts of technical data. NCRS has influenced the Corvette community to properly restore cars to factory specs and has fueled the restoration industry. Bob Wingate Corvette sales, organizer, promoter and racer In January 1970, Chevrolet recognized Wingate as the top Corvette salesman in the United States. Wingate was the Corvette pioneer at the grass-roots level for the West Coast of the United States. Wingate helped create many Corvette clubs. The man was promoting Corvettes everywhere. Wingate was a founding member and first president of the Western States Corvette Council. Wingate was indeed Corvette's Number One Salesman. 1955 First V8 Corvette Production highlight, changed financial direction of Corvette Owner: Terry Michaelis On January 1, 1955, a surplus of 1,076 1954 Corvettes remained unsold. GM was applying heavy pressure to shut down the Corvette project, which in mid-1955 looked like a bottomless rat hole down which good money could only be poured after bad. “We really didn't know what we wanted. We had no feeling of the market. Was Corvette for the boulevard driver or sports-car the turning point for Chevrolet's sports car. Performance has remained the brand's trademark for nearly six decades. The vehicle on display (#002) is representative of all 1955 V8 Corvettes. 1965 State of the Art Influenced the direction of restoration Owner: Ron Hohmann, Sr. In the 1981 book, Corvette Restoration, State of the Art, author Mike Antonick follows the research, disassembly, documentation, and reassembly of this Corvette to factory standards, including crayon marks on the frame, and numerous components receiving paint overspray. The goal was to reproduce the factory Corvette—flaws and all. Why? The restorer, David Burroughs, wanted to demonstrate the type of restorations he expected to see in order to qualify for a new type of Corvette award he was considering—Gold Certification. Upon release of the book in 1981, this new concept in factory- accurate restoration caught on and resulted in a shift from cosmetic perfection to historic accuracy. “Route 66” TV Show Corvette Influenced public awareness of Corvette Owner: Robert Marvin Route 66 was seen on CBS TV between 1960 and 1964, with www.corvettemarket.com SUMMER 2011 Corvette Market 21


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The Great Hall the most remembered parts of the weekly series being the theme song and the Corvette. The storyline revolved around two young men driving across America on Route 66 taking odd jobs along the route to pay their way. Although there wasn't one minute of talk about fuel injection, 4-speeds, or 0-to-60-mph times, gearheads watched it for fleeting glimpses of the Corvette. This show created tremendous awareness and excitement in the Corvette brand, and is remembered to this day. Runoffs (American Road Race of Champions) at Daytona Beach. Some of DeLorenzo's strongest competitors were eliminated in an early multi-car wreck; the L88 finished 2nd behind a 427 Cobra. The car was recently returned to the racing livery of its days of glory in 1967. This car was the opening page to the legacy of the L88s. with their new toy, GM stylists produced a show-car version of the 1963 convertible for display at the Chicago Auto Show with external exhaust and functional hood grilles. The car was finished in blue with a white stripe and special finned aluminum wheels. The man responsible for conceiving the concept and design was Harley Earl, chief of GM Styling until retiring in 1958. Five years after his retirement, GM honored Earl with this personalized 1963 Corvette Sting Ray. The Harley Earl Corvette is 1969 ZL-1 Production milestone Owner: Roger Judski Within the haystack of the First 1967 L88 Production milestone and racing pioneer Owner: Chuck Ungurean This is the first production L88 Corvette built. It instantly established racing dominance and the legend of the “baddest” of the big block Corvettes. With over 560 horsepower, guzzling 103 octane fuel, L88s would give Al Gore the shivers. Ordered by Tony DeLorenzo Jr., son of GM executive Anthony G. DeLorenzo, this L88 was delivered to Detroit's Hanley Dawson Chevrolet in Detroit, MI. The car was prepped to A Production specs for its first event at Wilmot Hills, WI, which it won going away. At the next event, Road America, the car's 155 mph top speed was such a shock to DeLorenzo, Sr., that it was two years before he would attend another of his son's races. That successful first season qualified the car for the SCCA 254,309 Corvettes produced between the golden years of 1953-1969, finding a ZL-1 is the needle. The L88 “racing engine option” offered between 19671969 was extremely rare. Only 216 Corvettes were produced with those engines. However, only a couple—more or less— L88s were built with the lighter aluminum engine - the ZL-1 option. Therefore, factory built ZL-1s are nearly non-existent. The ZL-1 is the textbook definition of the “rarest, fastest, and most desirable” of Corvettes. arguably one of the most visually attractive Corvettes built—and continues to be admired by Corvette and automotive enthusiasts. 1956 SR-2 Racing pioneer Owner: Rich Mason The SR-2 (Sebring Racer) designation was given to three 1956 Corvettes. All of them left the factory as stock Corvettes, and were shipped to GM styling in Warren, MI for race modifications and cosmetic additions. This is the first of the three. In the spring of 1956, it was known that the GM Head of the Styling Studio, Harley Earl, had a son Jerry who road raced a Ferrari. Management told dad he should be racing a GM car. Harley made a deal with his son: “If you sell the Ferrari, I will build you a special Corvette to race.” The SR-2 was an early racing 1971 ZR2 Production milestone Owner: Ed Foss Zora Arkus-Duntov, 1963 Glamour Styling highpoint Owners: a private consortium Unable to resist tampering Corvette's legendary first chief engineer, was nothing if not sophisticated. He studied engineering in Europe's best schools, and raced against Europe's best drivers. Zora's approach to the Corvette was sophisticated as well, except for one simple, unshakable belief: The more cubic inches, the better. Based on the humongous 454-ci engine, the ZR2 option featured the LS6 engine package and required a 4-speed manual. For 1971, just twelve were built. As one of only two 1971 ZR2 convertibles, this 8,703-mile original was Zora's last fingerprint on Corvette performance. pioneer. It inspired enthusiasm among Corvette fans and for Chevrolet's future racing development. 1960 Le Mans Racer Number 3 Racing pioneer, influenced Corvette credibility Owners: The Chip Miller Family In 1960, Briggs Cunningham entered three Corvettes into the legendary and most prestigious race of all time—the 24 Hours of Le Mans in France. Two of the Cunningham Corvettes spun out and crashed. However, the John Fitch–Bob Grossman entry #3 soldiered on to an honorable eighth place overall, and became the first Corvette to win its class. It remained the only Corvette to win its class at Le Mans for over 40 years. Through the vision of Chip Miller, Number 3 returned to Le Mans 50 years later in 2010 and was again driven around the famous track by 93-year-old driver John Fitch. ■ 1956 SR-2 22 Corvette Market SUMMER 2011 www.corvettemarket.com


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C1 profile 1962 Corvette 327/360 Big Brake Fuelie Most of these cars were purchased for nothing more than the local Stoplight Grand Prix on Friday or Saturday nights by Thomas Glatch finned drums with internal cooling fans and quick steering adapter—all developed and proven on the race track. A Rochester fuel-injected, solid-lifter 327/360 V8 combines with the Code 685 T Borg-Warner 4-speed and Positraction rear end. Finished in Tuxedo Black, with a Fawn Beige interior and white top, the car rolls on 15 x 5½-inch painted steel wheels and includes a Wonderbar signal-seeking radio. CM Analysis This car, Lot S84, sold for $90,100, including buyer's premium, at Prior to the Bloomington Gold auction this year, corvetteblogger.com ranked this Mecum's Bloomington Gold Corvette Auction on June 25, 2011. Corvette as one of the four most desirable cars from the event they would like in their collection. I couldn't agree more. The thought of buying a factory race car for street use is usually fueled more by testosterone than sanity, but the Big Brake Corvettes, especially the 1962 versions, could be the rare exception. The Big Brake option was introduced late in the 1957 model year, and the name actually refers to a series of Corvette options, all developed by Zora Arkus-Duntov and Chevrolet for the Corvette's successful 12 Hours of Sebring campaign that year. RPO 687 not only added the huge drum brakes and metallic linings needed to slow the heavy Corvette at racing speeds, but it also added quicker steering and the larger RPO 276 15 x 5½ inch wheels, RPO 675 Positraction axle, and the top-horsepower engine offered that model year. 24 Corvette Market SUMMER 2011 www.corvettemarket.com his immaculate, matching-numbers 1962 Corvette convertible was factory equipped with all the components necessary for all-out competition: the exceptionally rare RPO 687 “Big Brake” package that included special front and rear shocks, front brake deflector/air scoops, rear brake air scoops, metallic linings, Details Years Produced 1962 Number Produced 246 RPO 687 (out of 14,531 1962 Corvettes total) Original List Price $5,461.65 CM Valuation $76,500–$132,500 (fuel-injected with hard top) Tune-up $150 Distributor Cap $19.99 Chassis # VIN plate on the steering column Engine # Pad on front of block below right cylinder head Club National Corvette Restorers Society 6291 Day Road Cincinnati, OH 45252 More www.ncrs.org 1962 Jaguar XKE Alternatives 1961 Corvette 283/315 Fuelie 1963 Corvette 327/360 L84 Fuelie CM Investment Grade B Mecum Auctions


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Digital Bonus CM With these options, you had a Corvette that was essentially a twin to what Dr. Dick Thompson, Jim Jeffords, and others were using to win consecutive SCCA Production class championships from 1957 to 1962. A race car for the street A total of 246 Big Brake Corvettes were sold in 1962, far more than could possibly be used for competition. That means that most of the cars were purchased for nothing more than the occasional Stoplight Grand Prix. But unlike the brutal L88 Corvette of the late 1960s, the Big Brake cars were actually well-suited to street use. In a 1959 test of an RPO 687 Corvette, Road & Track magazine found the Cerametalix linings to be “not as effective when cold as when hot, and after the test was completed, the linings squeaked when the brakes were applied.” This is not a problem for racing, but it is a potential deal-breaker for a car bought for street use. However, GM's Delco Moraine division continued to refine the composition of these brakes, and by 1962, Car and Driver magazine could report “the grabby, unpredictable ceramic-metallic linings are now a thing of the past, having served their purpose as a stopgap until Moraine could design sufficient life and consistency into the sintered iron type.” These brake improvements were necessary, as the new 327-ci V8 made the already- fast Corvette much faster, with an additional 45 horsepower for the fuel-injected version. Wrote Car Life magazine, “For sheer performance, there's nothing like a Corvette. Especially the new FI model with more power—and torque—than ever!” Quarter-mile times were about the same as the previous Fuelie, mostly due to horsepower overwhelming the contemporary tire technology, but Car Life found “... when we put away our stopwatches and relied on the seat of our pants, we did notice the difference. It was clearly evident on the highway, providing solid bursts for passing and climbing. Wheel spin isn't a difficulty at road speeds and the bigger engine really has a chance to show its stuff. Here, the reason isn't so much the greater horsepower as a sharp boost in torque.” They concluded: “When we reported on the 1961 Corvette in last September's issue, we said, ‘We will readily admit that we would like very much to own a fuel-injected Corvette with all the options.' Our experience with the 1962 model with its bigger bundle of torque made our desire stronger than ever.” A Big Brake bargain We've seen a 1962 Corvette with racing provenance break the $1,000,000 mark— the Gulf Oil Sebring winner featured in CM 5 (p. 24) sold for $1,485,000 in 2008. Another authentic racer, the Tony Settember/Jack Turner Le Mans car, sold for $489,500 in 2006. Even 1962 Big Brake Corvettes without racing his- tory have sold for as much as $176,000—that sale coming in January of this year. That Big Brake car, however, was restored by an NCRS judge and had NCRS Top Flight, Duntov awards and Bloomington Gold certification. A Roman Red 1962 Fuelie without the Big Brake option sold at this year's Bloomington Gold auction for $106,000, and it too had earned Gold certification. This Corvette has neither the provenance of racing nor the pedigree of NCRS or Gold certification, although the car looked properly restored. It was also sold just a few lots after a collection of 23 black Corvettes from 1954 to 1969 went across the block. After a steady stream of black Corvettes, maybe something as simple as color overload kept the bidding down on this Tuxedo Black car. Nevertheless, this is a highly desirable firstgeneration Corvette, which the buyer got on the cheap. Very well bought. ■ (Introductory description courtesy of Mecum Auctions.) RPO Description 327-ci, 360 bhp fuelinjected engine Cost 867 Base Corvette convertible $4,038.00 582 675 Positraction rear axle 687 Heavy duty brakes and suspension 685 4-speed manual transmission 102 AM radio, signal seeking 419 Auxiliary hard top 276 6.70 x 15 blackwall tires (included in RPO 687) Total $484.20 $43.05 $333.60 $188.30 137.75 $236.75 n/c $5,461.65 www.corvettemarket.com SUMMER 2011 Corvette Market 25 Production 14,531 1,918 14,232 246 11,318 13,076 8,074 561


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C2 profile 1967 Corvette L89 427/435 Coupe Only 16 L89s were ever ordered, according to widely published data, which makes our subject car vastly rare—especially if documented by Dale Novak Chassis number: 194377S113522 • 4-speed • L89 aluminum heads • Transistor ignition • F41 suspension • 4.11 Positraction • AM/FM radio • Multiple NCRS Top Flight award winner • Bloomington Gold certified • Owner's manual CM Analysis This car, Lot T232, sold for $124,020, including buyer's premium, at the Mecum auction in Indianapolis, IN, on Thursday, May 19, 2011. In 1967, Chevrolet introduced the new L71 option for the 427-ci V8. This would include Tri-Power carburetion and a mostly underrated 435 horses to plaster a guy into his bucket seats. Along with the new L71 option, one could also check the box for the all-new alu- minum cylinder heads. This would be known as the Regular Production Order (RPO) L89 configuration. To get it, buyers needed to check the box for the L71 option and then top it off with the L89 heads, which added an additional $805.75 to the base price. These two options alone ratcheted up the MSRP to $5,194.50—without any other options checked off. For deep-pocket Corvette buyers, the overall cost was not that much of a factor. It was a lot of car for the money—one that could smoke just about anything on the road and be welcome at the local country club. It was a stylish brute, to say the least. 26 Corvette Market SUMMER 2011 www.corvettemarket.com Details Year Produced 1967 Number Produced 16 with L89 option Original List Price $5,704.40 (as equipped) CM Valuation $240,000-$340,000 Tune-up $400–$500 (3x2 induction tuning) Distributor Cap $25 Chassis # Passenger-side dash under glove box on structural support Engine # Pad on passenger side of engine forward of cylinder head Club National Corvette Restorers Society More www.ncrs.org Alternatives 1966 Corvette 427/425 L72 1963 Corvette 327/360 Z06 1967 Corvette 427/435 L71 CM Investment Grade A (For a genuine L89 or, for that matter, a genuine L71) Mecum Auctions


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Digital Bonus CM But, in 1967, if a guy was going to pony up for more ponies, he wanted real perfor- mance—not an upgrade that technically produced the same horses as the L71. By the spec books, the L89 engine was still rated at 435 horsepower—the same as the L71 engine—even though the aluminum heads had larger exhaust valves than their iron-head counterparts. The $368.65 L89 option added an additional cost, but for the uninitiated buyer, no discernable increase in bragging rights at the local pub. The real value for adding aluminum heads back then—and today—is for weight savings. The L89 option shaved about 75 pounds off the front wheels. The performance value comes from the power-to-weight ratio—if you're moving less weight, you can move an object faster with the same amount of energy. Despite this weight reduction, only 16 buyers checked the L89 box, as most buyers probably figured it was easier and less expensive to just kick your buddy out the door if you wanted to max out the driving experience. Rare but easy to fake Only 16 L89s were ordered, according to widely published data, which makes our subject car vastly rare—subject to verification. As this is the age of the Internet, where everybody gets to be an expert, the Corvette blogs and forums have been ablaze with comments pro and con about this car. I can't tell you whether these wired pundits are right or wrong, but I can report on the reasons behind the discussions. Part of what makes the L89s so rare is also what makes them so easy to fake. Get some correct, vintage aluminum heads and creatively stamp the engine with the proper codes, and, all of a sudden, you have a rare L89 that could potentially pass muster in high-profile judged events (guys, don't shoot me, it happens and we all know it). As I have stated in previous articles, the big money being spent for these cars means some disreputable guys have gotten really good at creating nearly indiscernible fakes. Again, I'm not suggesting that our subject car is either genuine or an imposter, but I wish there had been concrete documentation presented with the car that verified that this was an air-tight, authenticated, born-with, rock-solid L89. Personally, I would have liked to have seen a tank sticker, bills of sale, P.O.P. and some original dealer documents to help substantiate the car. Some—or all—of these papers would have helped. A rock-solid ownership trail would also aid in decoding the DNA of the car. As we're talking about one of 16, not one of 1,600, I'd be super picky about asking for iron-clad proof before I'd pry any greenbacks out of my wallet. If the seller did have some or all of these documents, I'd say he left a thick stack of hundred-dollar bills on the table by not presenting them at the sale - it's really that simple. A judged Corvette The Mecum description describes chassis 13522 as a recipient of multiple NCRS Top Flight awards and Bloomington Gold certification. However, keep in mind that these respected judging bodies are not in the business of proclaiming a car to be a genuine, factory-built L89, only that it is typical of what came off the 1967 Corvette assembly line. That judging includes whether the car is correct with all the proper codes, stampings and components as seen on the factory build. Market analysis After all that we've said above, chassis 113522 was either remarkably well bought or somewhat well sold. Our dissection really comes down to authenticity. If the car was the real deal—one of the original 16 L89 cars built by Chevrolet—then I'd say bravo to the buyer for a well-done and colossally well-bought car. The CM Pocket Price Guide doesn't even mention the L89, as the values of these ultra-rare Corvettes are simply a wild guess. Yes, we can take the L71 values and ramp them up, but with only 16 L89s built, you simply don't see these cars trade hands very often in a public forum. We could use L88s as an example, as only 20 of those were built in 1967—but those are vastly different machines, and you can't buy one for $124k. The CM Pocket Price Guide values 1967 L88s at $1.2m to $2m. At $124,020, the price of our subject car was even somewhat light on the Corvette-O-Meter for even an “ordinary” L71 coupe given the straightup #2 condition of the car and the previously mentioned awards from NCRS and Bloomington Gold. Money with a message I believe that the money paid here directly shows that buyers had questions about the authenticity of the car. It has been suggested that airtight documentation could have ramped the bid up at least two-fold, which is only an educated guess— but I don't have any reasons to doubt that claim. Documentation for a one-of-16 Corvette is vital—and I would suggest mandatory for any buyer who is deciding how to best invest his hardearned moola on an investment-grade Corvette. I believe that most of the buyers in the room came to the same conclusion, and they had deep concerns about the real-deal status of the car. Bigger money for this car will stay deeply implanted in buyer's wallets—until such time that more documentation surfaces about the original build. (Introductory description courtesy of Mecum Auctions.) ■ www.corvettemarket.com SUMMER 2011 Corvette Market 27


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C3 profile 1972 Corvette LT-1 350/255 Convertible The faithful knew times were changing for the car—and not for the better by Mark Rudnick Chassis number: 1Z67L2S524746 O ne of 1,741 produced, this is a Corvette 350/255 LT-1 with original, matchingnumbers M21 4-speed. Also features Positraction, power steering, tilt/telescopic column, leather, factory AM/FM radio, two tops and Ontario Orange exterior with original rally wheels. This was the last year for the mighty LT-1, and this is one of only 1,741 coupes and convertibles produced. This is a fascinating Ontario Orange LT-1 Corvette that spent nearly its entire life in The Dalles, OR, just 80 miles east of Portland, OR. This car was built in June 1972, and it Corvette. CM Analysis This car, Lot 375.1, sold for $38,500, including buyer's premium, at Barrett-Jackson's Orange County sale on Sunday, June 26, 2011. In 1972, the top song on American airways was Don McLean's epic “American Pie,” which mournfully challenged the optimism of American culture and psyche of the 1950s and early 1960s. McLean's song was a defining moment in the American experience—something had been lost, and we knew it. The song's chorus includes the lyric: “…Drove my Chevy to the levee, but the levee was dry…” In many ways, it was Chevy performance which was quickly running dry. The Corvette faithful, who wanted the ascent in performance to continue unabated, knew times were changing for the Corvette—and not for the better. 28 Corvette Market SUMMER 2011 www.corvettemarket.com is a beautifully restored factory LT-1 Details Years Produced 1970–72 Number Produced 4,977 Original List Price $6,747.50 CM Valuation $35,000–$66,000 Tune-up $150–$200 Distributor Cap $30 Chassis # Driver's side window pillar Engine # Engine pad forward of right cylinder head Club National Corvette Restorers Society More www.ncrs.org Alternatives 1969 Ford Mustang Boss 302 1963 Corvette 327/300 1969 Chevrolet Camaro Z/28 CM Investment Grade C Barrett-Jackson Collector Car Auction, L.L.C.


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Digital Bonus CM Losing power, torque and glamour The 1972 LT-1 engine was the last solid- lifter small block to bless a Corvette. The original LT-1 engine was offered in 1970, with a compression ratio of 11:1, which produced 370 horsepower at 6,000 rpm, along with 380 foot-pounds of torque at 4,000 rpm. In 1971, to comply with new federal emissions requirements, the compression ratio was reduced to 9.0:1, producing 330 horsepower at 5,600 rpm and 360 foot-pounds of torque at 4,000 rpm. In 1972, the automotive industry switched from using Society of Automotive Engineers (SAE) gross horsepower ratings to SAE net horsepower ratings, and the 1972 LT-1 dropped to an official rating of 255 horsepower at 5,600 rpm and 280 foot-pounds of torque at 4,000 rpm. However, the 1971 and 1972 LT-1 engines offered the exact same performance. This was the end of the run for the acclaimed “mouse that roared,” as Zora Arkus-Duntov proudly referred to the 350 LT-1 engine. It also signaled the end of an era in Corvette small-block performance breakthroughs. It would take until 1992 for Chevrolet to put a more powerful small-block V8 engine in the Corvette. Interestingly, the 1992 350/300 engine would be named LT1. Look at the 5th digit The 1970-72 LT-1 Corvettes, with their legendary performance and relatively low production numbers, are highly sought after by those drawn to early C3 styling and small-block-performance. This appeal—and consequent market value of the LT-1 Corvette—has made documentation a critical issue. In 1970 and 1971, the primary documentation would be the Protect-O-Plate and Tank Sheet, which are too often missing, or even worse, frauds. In 1972, Chevrolet decided to include engine identification in the VIN. If the 5th digit is an L, as it is on this car, the Corvette started life with an LT-1 engine. This takes away a lot of the concern when establishing the authenticity of a 1972 LT-1 Corvette. Our car is the real deal. This 1972 Ontario Orange LT-1 convertible was well bought. This classic con- vertible was nicely restored to factory-original appearance, with the exception of the missing smog pump. In its period-popular Ontario Orange (the exterior color most selected in 1972), this LT-1 roadster can be proudly and enthusiastically driven and enjoyed. The LT-1 Corvettes will always have a strong following among Corvette aficionados who understand the significance of the LT-1 engine in the development of the Corvette. ■ (Introductory description courtesy of Barrett-Jackson.) www.corvettemarket.com SUMMER 2011 Corvette Market 29


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C4 profile 1991 Corvette ZR-1 Coupe, 1993 Corvette ZR-1 Coupe; 1995 Corvette ZR-1 Coupe Three low-mileage ZR-1s sold in one day in Portland, OR, and the market still isn't pricing these road rockets into the stratosphere by Michael Pierce The ZR-1 is a 175 mph supercar, which can go head to head with more expensive machinery, but it will actually start first time the next morning. Prices remain at bargain levels, but that can't continue forever, and the pool of low-mileage cars is shrinking. 1995 Corvette ZR-1, Lot 188 Chassis number: 1G1YZ22J6S5800181 The third Corvette ZR-1 from the Lewis collection is the newest and in the most conservative color. Again, with only 7,500 miles, it is effectively a new car. The white paint shows no marks or scrapes, the black leather interior is unmarked and the moon roof is tinted black (a new, white moon roof is included as well). This was the 181st Corvette ZR-1 built in Bowling 1991 ZR-1 1991 Corvette ZR-1, Lot 183 Chassis number: 1G1YZ23J0M5801196 Power was suddenly back in fashion when the Chevrolet Corvette ZR-1 was launched in 1990, with 0-60 mph in 4.3 seconds and a top speed near 175 mph. Its 4-cam LT5 engine was built by Mercury Marine engineers—to a Lotus design. The car cost $62,675 when new—$25,000 more than the basic Corvette. This 1991 Corvette ZR-1 in the Lewis collection has traveled a mere 7,500 miles from new and shows no wear to speak of—other than lightly on the red leather driver's seat. The red paint doesn't have any stone chips. According to the average 15,000 miles that modern motorists travel each year, it is fundamentally new, although the tires have died of old age and will need to be replaced. The engine is the 375 horsepower, 350-ci, 32-valve, 4-cam V8, backed with a 6-speed manual transmission, power rack-and pinion steering, and disc brakes all around. The ZR-1 has bigger brakes and wider tires than mainstream Corvettes, plus the power band of a Ferrari, with a red line of 7,400 rpm. This 1991 Model ZR-1 has both tops, the red solid roof and the black glass moon roof. ZR-1 prices have been soft in recent years, but nothing offers more performance for the money. 1993 Corvette ZR-1, Lot 187 Chassis number: 1G1YZ23J1P5800028 This 1993 Chevrolet Corvette ZR-1 is the second of three belonging to the Lewis collection. It was bought from Kompact Kar Korner in Lynnwood, WA, in 2006 and is one of 448 built in 1995. The paint on this 15,975-mile car is near-perfect, with no scrapes or chips. The gray leather interior shows well and is in nice shape, commensurate with its mileage. 1993 also marked the second generation of the ZR-1 and some significant changes were made. The 32-valve, 4-cam V8 engine was boosted from 375 horsepower to 405 horsepower, thanks to modifications to the cylinder heads and valvetrain. Other changes included 4-bolt main bearings, platinum spark plugs and a Mobil 1 synthetic oil requirement. 30 Corvette Market SUMMER 2011 www.corvettemarket.com Green, KY, in 1995; the last one made was number 448 and it was built on April 28, then driven straight across the road to the Corvette Museum. To the very end, the ZR-1 was an exotic option to the base Corvette, whose performance was gradually narrowing the gap. In 1995, a base Corvette cost $36,785, while a ZR-1 was $68,043. Once again: In a few years time the prices that Corvette ZR-1s are selling for today are going to seem like a bargain. Details Years Produced 1990–1995 Number Produced 1991: 2,044 units; 1993: 448; 1995: 448 Original List Price 1991: $62,675; 1995: $68,043 CM Valuation 1991: $30,000; 1993: $32,000; 1995: $38,000 (For original, lowmiles examples with full documentation) Tune-up $300 Distributor Cap $25 Chassis # Front of the dash, next to windshield, driver's side Engine # Engine block pad surface Club National Corvette Restorers Society (NCRS) More www.ncrs.org Alternatives 1996 Corvette Grand Sport; 1988–1989 Corvette Challenge racer; 1987–1991 Callaway Corvette CM Investment Grade B Bonhams


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Digital Bonus CM 1993 ZR-1 CM Analysis These three ZR-1 Corvettes, Lots 183, 187 and 188, sold for $26,910, $26,910 and $31,590 respectively at the Bonhams & Butterfields' sale of the Wally Lewis Collection in Portland, OR on June 11, 2011. Two years ago, Wally Lewis invited me to view his 92-vehicle collection in Portland, OR. Now, Bonhams was selling all of the sedans, coupes, roadsters, trucks and automobilia in a no-reserve auction. I remembered seeing three very-original, verylow-mileage ZR-1s (a red '91 with 7,500 miles; a yellow '93 with 15,975 miles and a white '95 with 7,677 miles). All the cars had great paper. I decided to see if I could get a steal of a buy on the '95. So, I registered with the auction house and attended the preview. A great buy—but it wasn't a car Right inside the main warehouse door, where every- thing was on display, was a complete, nine-foot-long, dual exhaust assembly in excellent condition leaning against a wall. It was going to be sold along with the models, tires, wheels and assorted car-related stuff in Lewis' collection. I knew what it was, but checked the part number and dates to confirm that it was from a '95 ZR-1. These exhaust systems have not been available from GM or VPI for over five years—and they last sold for close to $2,000. I looked at the three ZR-1s, and as I suspected, the white 1995 car was sporting a new, stainless-steel aftermarket exhaust system. This, along with a new set of Sumitomo radial tires and a replacement battery were all that appeared to have been changed on the white ZR-1. I decided how much I would bid on the car, but now there was a dilemma. The complete and original exhaust system was going to be one of the first items to be sold. Although I wanted the car, I would need to have the original exhaust assembly. As things turned out, I bought the exhaust system for a grand total of $61, but I did not get the car. Chevy, Lotus and Mercury Marine—oh my! RPO ZR-1s have a unique spot in Corvette history. After the 512 Callaway B2K twin-turbos built from 19871995 ZR-1 1990, Corvette needed to continue the positive performance push. The ZR-1s were being designed as the Callaway cars were setting records for speed—up to 254 mph. The powerplants were a collaborative effort between GM engineer Dave McClellan and Lotus Engineering in England. The 350-ci, 4-bolt main blocks were Chevrolet on the bottom and the 32-valve DOHC sequentially-injected top end was from Lotus. The engines and transmissions were assembled in Stillwater, OK at Mercury Marine, and the rest of the car was built in Bowling Green, KY. From 1990 through 1995, 6,922 were built. LT-5 engines were generally bulletproof, starting with a 375 horsepower rating from 1990 through '93, then 405 horsepower for the next two years. Mark Haibeck, owner of Haibeck Automotive Technology in Addison, IL, makes his living by tuning ZR-1 Corvettes to at least 500 horsepower. His company can get 600plus horsepower out of these engines, but many of the internals have to be changed, and longevity can be an issue. Low-mileage performance Corvettes The three cars from the Lewis Collection sold for very fair prices. Including buyer's premium, the '91 and '93 were each $26,910, and the '95 brought $31,590. The 1995 ZR-1 was probably the best buy of the three cars, given its condition, provenance and low miles. It's no secret that many ZR-1s were driven lightly (if at all) by fussy owners who considered them to be instant collectibles. The result is that today, it's fairly easy to find one with very low miles. But I'd sooner buy one of these cars with several thousand miles on the clock, like the white '95 here, rather than 1,000 or less. That way, if anything went wrong as the engine was being broken in, it would have been fixed on GM's dime. While the car was under warranty, if something in the motor or transmission broke, an option existed to have a new/rebuilt factory replacement sent to the dealer for an exchange. Or Chevrolet would fix whatever was wrong and send it back to the dealership to be replaced in the owner's car. The repair process generally took six weeks, so many chose to have the exchanged powertrain installed rather than waiting. The art and science of three good buys Working on ZR-1s is both art and science, and many parts are expensive and dif- ficult to find. However, a very large percentage of them are still running strong and maintained in excellent condition inside and out. The market isn't moving up on ZR-1s, but I think all three of these were well bought. Think about it this way: for the price of a 2012 Camaro, you could own a great piece of Corvette high-performance heritage that should hold its value for years to come—and can quite readily go 180 miles an hour in 5th gear at 6,000 rpm. These low-mileage, high-performance ZR-1 Corvettes may not be hot collectibles right now, but they were good deals on this afternoon in Portland, OR—even though I didn't get to steal one for my very own. ■ (Introductory description courtesy of Bonhams.) www.corvettemarket.com SUMMER 2011 Corvette Market 31


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C5 profile Indy Racing League Pace Car Some folks are under the impression that pace cars from the Soap Box Derby through the Indy 500 are still in demand by B. Mitchell Carlson 2000 Chevrolet Corvette Chassis number: 1G1YY22G2Y5110900 Car is complemented by a black leather interior and features a 360-degree strobe light package as well as a Z51 suspension package—all items necessary to pace an IRL or Daytona race. Never titled, it is still being offered on MSO and would make an excellent addition to any collection. T CM Analysis This car, Lot 541, sold for $32,175, including buyer's premium, at Auctions America by RM's Spring Auburn sale in Auburn, IN, on May 14, 2011. Let's start with some very recent auction history: This car caught the eye of Corvette Market's Kevin Coakley, who wrote it up for us in his report from Auction America's Spring Auburn sale: “5.7-L 350-hp fuel-injected V8, auto. Never titled, used as pace car at Rolex 24 Hours of Daytona. Flashing light electronics take up much of storage behind seat. Good panel fit, loud stick-on graphics, clean engine bay with NAPA battery. Decent interior. “Bid to a no-sale price of $32,500 at Auctions America's Fort Lauderdale sale in April 2011, then a $21k no-sale at Auctions America by RM's Carlisle sale the same month. Price paid here seems like the current market.” Now, when our subject car was seen at the 2011 Spring Carlisle auction: “5.7-L 350-hp fuel-injected V8, auto. Original finish exhibits light crazing to front of spoiler, small stress cracks in driver's door, and light loss to graphics on front of hood. More than the expected wear to driver's seat, leather somewhat dry. Rear 32 Corvette Market SUMMER 2011 www.corvettemarket.com his example was used as the pace car for the Rolex 24 Hours of Daytona Endurance Race in 2001, according to the owner. The car features an aluminum 5.7-liter LS1 V8 that puts out 350 horsepower. Finished in the distinctive Indy Racing League checkered-flag livery with yellow and white, this 2000 IRL Pace Details Years Produced 2000 Number Produced At least two (out of 18,113 coupes for 2000) Original List Price $39,475 CM Valuation $24,200–$30,000 Tune-up $150 Stock DIS block $80 Chassis # Left side of the dashboard and right frame rail near the radiator Engine # Pad forward of cylinder head on right Club Corvette Club of America P.O. Box 9879 Bowling Green, KY 42102 More www.corvetteclubofamerica.com Alternatives 1993 and 1998 Indy Pace Car Edition convertibles, 1999–2003 24 Hours of Le Mans safety cars, 2003–04 Brickyard 400 Event Cars CM Investment Grade D


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Digital Bonus CM compartment houses numerous electronics and original racing harnesses from its official duties. Engine bay not detailed but clean nonetheless. “The pace car from the 2001 Rolex 24 Hours of Daytona, this Corvette must have been on static display somewhere with signs on or around it stating ‘PLEASE TOUCH.' It was reportedly still on its MSO, which kind of made its status more confusing. Not really desirable as a driver example, there was not enough interest from bidders to get it sold.” Even more auction history I've traced this car as selling at Barrett-Jackson's 2006 Palm Beach auction for $48,600. That was when GM moved it out of their Heritage Collection, along with a number of other event Corvettes, with the following notation: “Paced an international field of world-class sports cars at the Rolex 24 Hours at Daytona Endurance Race in 2001 and features a 350-horsepower, 5.7-liter V8 LS1 aluminum engine, Z51 suspension package designed for sanctioned racing competition and a 360-degree strobe light package. GM and Barrett-Jackson make no warranty or representation of any kind, expressed or implied, concerning the vehicle (including on warranty of merchantability or fitness for a particular purpose.)” Barrett-Jackson also sold another 2000 Corvette that was said to be an IRL pace car, VIN 1G1YY22G7Y5100024, described almost identically to our featured car, at their 2007 Scottsdale auction for $44,000. Pace car hoopla or hyperbole? The 1978 Indy Pace Car Edition Corvette started all the hoopla on pace cars as collectibles. Now in the 21st Century, some folks think that pace cars from the Soap Box Derby through the Indy 500 are still in demand. While we are used to seeing any one of a number of pace car variants pop up at almost every collector car auction, it's the non-standard pace cars that seem to be something of a crapshoot. We can easily look up the values on any factory-issued Indy Pace Car Corvette in any price guide out there, but it's not so cut and dry for other pace, track, festival, or event cars. As stated, this example was used to pace the 2001 Rolex 24 Hours of Daytona. It was also pictured in a 2002 press release from Chevrolet when the 2002 Indy Pace Car and 50th Anniversary Corvette package was announced (see my report in Corvette Market 14, p. 34). In this same press release, it also stated that a Corvette was also the IRL pace car for an undefined number of events on the 2002 IRL calendar. While it's possible that another C5 was dolled up in exactly the same fashion, it's also possible that it was our subject car—or the 2007 Barrett-Jackson example. There were 8,916 miles on the clock of our featured car, so it could have gone around several tracks several times. When researching the car, the most information I could find were its track record and auction appearances. The graphics on our featured car are virtually the same style used by the 1999 and 2000 Rolex 24 Hours of Daytona—although the Y2K edition was in blue rather than yellow. The same graphic scheme was also used on the 1999 24 Hours of Le Mans Safety Cars in France, with documented examples all but identical and with red and blue in lieu of yellow. However, the red cars that I've seen are usually hard tops. Needless to say, GM had a bunch of these Corvettes done up with this broad check- erboard graphic with a white beak—or the paint and graphics shop was working overtime redoing a smaller fleet of cars. At least it's not a hybrid To muddy the waters even further, an Oldsmobile Aurora was the usual pace car during the 2001 IRL season. Exceptions were the Indy 500 that year (paced by a 2002 Olds Bravada SUV), and when Corvettes took over pace car duties in October 2001 at the Texas Speedway event. Olds was going down for the count in 2002, so it makes sense that GM would switch all pace car duties to the Corvette—after all, it's the highest-profile vehicle offered by the automaker. If our featured car really was the 2002 season pace car, why not use a new 2002 Corvette instead of a 2-year-old example? Perhaps this was due to having at least one older pace car sitting around the division with no better use, as true pace cars couldn't be sold through the dealer network—even as a perk or VIP car. While these Corvettes are not overly unique, at least they are more exciting than the last few years of the IRL's latest pace/safety cars, which were chosen to placate the Greenie Weenie crowd—Honda Accord hybrids. On the MSO for a reason We see a number of “instant collectibles” on the market and at auction that are hyped up as being “on the MSO,” or Manufacturer's Statement of Origin. In essence, a retail buyer will never see an MSO, as this document is generated from the manufacturer to be submitted to a state's licensing department to get a title for a vehicle. However, in the world of collector cars, MSOs have almost become the mark of a mint, uncirculated car— akin to having a coin or comic book sealed in a protective casing and professionally rated as a collectible. But an MSO is anything but that. All an MSO means is that the car hasn't been titled—and a never-been-titled car and a perfect-condition car are not necessarily one and the same. I've seen quite a few of the earlier noted 1978 Corvette Pace Cars that are “on the MSO,” but they have unwound from aging and less-than-perfect storage. Many of those cars would now rate as number 3 or even 4 condition. Now that our subject car is not a current-production vehicle, it may not be a slam-dunk to even get a title— especially if it's not submitted to the DMV by a dealer. Indeed, taking an MSO down to the local DMV office will probably involve a conversation with the district manager for the state's DMV, as you explain your case. However, for this car, there may be another reason that it was not titled—it may not be eligible to be titled. When GM released the car at the Barrett-Jackson auction in 2006, both GM and Barrett-Jackson used enough legal phraseology to absolve themselves from any future issues resulting from any inability to get the car street legal. When GM sold the car at the 2006 Palm Beach auction, no mention was made that an MSO would be provided, and CM did not actually see a copy of said MSO any time it was at auction. Was it actually a true MSO—or was it just a bill of sale on GM letterhead that had the car's VIN on it—stating that it cannot be titled and used on the highway? At least the auction house's estimate of $30k to $40k was correct. If you're able to drop $33k without any concern about being able to drive a late-model car on the road—and just have it as a spendy garage ornament or private museum piece—you are a realistic buyer for the car. If you stick a dealer plate on it just beware of a VIN check at a routine traffic stop. Your IRL Pace Car might end up at the impound yard. ■ (Introductory description courtesy of Auctions America by RM) www.corvettemarket.com SUMMER 2011 Corvette Market 33


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C6 profile by B. Mitchell Carlson V8 equipped with an intercooled, four-lobe Eaton Twin Vortices Series supercharger, which increased power from the factory rating of 638 to an astounding 710 horses. It has participated in the Hot Rod Power Tour, Corvette Funfest, and the Texas Mile event of October 22–24, 2010, at the Goliad Texas Airport—with a best run of 185.9 mph. 2010 Grand Sport Callaway convertible, Lot S120, sold at $84,800, including buyer's premium, at Mecum St. Charles Chassis number: 1G1YS3DW7A5105287 Editor's note: This month, we've asked B. Mitchell Carlson to take a look at three C6 Corvettes that recently sold—and pick what he believes was the best deal. Here are the cars: 2007 Z06 coupe, Lot S53, sold for $42,400, including buyer's premium, at Mecum St. Charles Chassis number: 1G1YY26E775107370 • All original • No repairs • Original owner • All available options • Triple Black • Hand-built 505 horsepower engine • New tires • Heads-up cockpit display and gauges • Power steering and brakes • On-board GPS and Bose sound system • Air conditioning • Push-button start • Satellite radio • Factory Z06 mats • 95% of miles on odometer are from trips • All original purchase documents, manuals and maintenance records 2009 ZR1 Lingenfelter coupe, Lot S166, sold for $74,200, including buyer's premium, at Mecum Indianapolis Chassis number: N/A Just as the 2009 Corvette ZR1 made automotive history as the most powerful auto- mobile ever sold by General Motors, famed Corvette masters Lingenfelter Performance Engineering stepped in and took it over the top. Serial number 6 of 1,415 produced, this ZR1 is powered by the original, numbers-matching 6.2-liter LS9 aluminum-block 34 Corvette Market SUMMER 2011 www.corvettemarket.com • Corvette Grand Sport convertible • 6-speed manual transmission • LS3 6.2-liter engine • Exhaust dual mode • Chrome aluminum wheels • Navigation system • Black convertible top • Victory Red fender stripe Z15 Grand Sport heritage package, which includes two-tone leather seats, logo embroidery in headrests, fender stripe with hash mark design. The car's preferred equipment group includes: Bose premium speaker system, heads-up display, power telescoping steering wheel, heated seats, memory package, universal home remote, adjustable sport bucket seats with six-way power, cargo net, Bluetooth compatible and power convertible top. CM Analysis This trio of C6 Corvettes represents three ways of taking high performance to the next step. One car—the 2007 Z06—is bone stock from GM, and the other two are from leading tuners of C6 Corvettes. And, in this case, I actually saw all three cars cross the block at their respective sales, so I have a feel for all of them. So, what gives with each car? In the case of the 2007 Z06, it was a year past its reintroduction. It was, at that time, the highest echelon of stock performance from GM. Chevrolet super-sized the 6.0-L LS2 engine to a historically familiar 427 cubic inches, and it became the LS7. The Z06 was the easiest way to up the ante for a Corvette buyer in search of higher performance, as these were factory-built cars. All that was required was writing a larger check at the showroom. It was also fully covered by the factory warranty at any Chevy dealer in the country. A Selection of C6s that sold recently on eBay 2007 Z06 Coupe, 2009 ZR1 Lingenfelter Coupe, 2010 Grand Sport Callaway Convertible You really couldn't go terribly wrong with any of these three—perhaps one or two have an edge, but it's hard to walk away from 710 horses Mecum Auctions


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Digital Bonus CM This was a well-cared-for, well-equipped Corvette. If you really want to pickle it for 25 years, it would be a Bloomington Gold Survivor, which is something a tuner car may not become. All this is pretty simple, but what if 505 horses are not enough? Time for the aftermarket tuners. The 2009 Lingenfelter ZR1 Our next example ups the ante for stock performance—even after stock GM performance was already super-sized. The 2009 ZR1—Corvette's third use of that moniker—used an all-new LS9 engine, which was similar to the LS3 engine, but was fitted with dry-sump oiling as well as a supercharger and intercooler. These changes combined to deliver a tire-frying 638 horses. Almost as fast as these ZR1s came out off the Bowling Green, KY, assembly line, the aftermarket had to take a shot at tweaking them. Our example was perhaps the first modern ZR1 to be in the hands of a tuner—as it was the sixth ZR1 to be built (per the unit sequence number). Lingenfelter increased performance by tweaking the car rather than heavily modifying it. The tweaks included stouter supercharger components and increased boost, a revised cold-air intake, and a remapping of the engine's computer. These changes coaxed out a whopping 710 ponies, which was good enough to go from 0–185.9 mph when this car competed in the 2010 Texas Mile. The ZR1 is so good out of the box, this Corvette is almost a case of trying to come up with excuses to change anything on the car for the sake of changing it. While our subject car's runs at the Texas Mile and participation on 2010's Hot Rod Magazine's Power Tour might put off some folks, the car did not give the impression that it was run hard and put away wet. As far as future collectibility, at Mecum's Indy auction in May, I watched two Callaway tuned C4 ZR-1s do equal money with a low-mile, bone-stock example—all from the same estate. As they say in Stock Portfolio Land, past performance can't equal future returns, but that's not a bad track record for a nameplate that is the top echelon of performance for two of the last three Corvette generations. 2010 Grand Sport Callaway Finally, the 2010 Grand Sport Callaway demonstrates that some will still want more personalization. Specified as the SC606 for Grand Sports, the Callaway modifications are a $21,395 package—plus $1,100 for the optional ChromeCoat supercharger finish. Actually, this car was relatively sparsely equipped for a Callaway—even with at least $22,495 on top of the roughly $70,000 price of admission for the stock Grand Sport convertible with navigation. Yes, this was pretty much the equivalent of a phantom ZR1 drop top for just shy of ZR1 money, and the very-well -finished (and well-covered by their warranty packages) Callaway modifications talk up the exclusivity factor. But casual observers (non-Corvette people) will think it's just another C6. To bump it up into a more personalized car with an interior, brake, suspension, and/or/plus wheel package, you've just overshot a ZR1's price. Also, if you don't live in an area with a Callaway authorized dealer, the current warranty this car still has can be more of a hindrance than added prestige (although in the Chicago area—where this auction was conducted—this is a non-issue). At least the seller did fairly well here, as the Callaway cachet kept the usual depreciation of a C6 in check—for now. While the Callaway conversion paid for itself in less depreciation (as a stock 2010 Grand Sport is a $55k to $59k car sitting on a lot), don't fantasize that in five years that it will even be a $50k car—if it is used to any extent. History shows us this: The C4 Callaway Twin Turbo was a factory option from 1987 through 1991, and their values have since fared better than an average C4, but they are generally on par with a ZR1. Later Callaway Corvettes have generally continued this trend. Still, as a longer-term relationship for someone who wants the next best thing to a ZR1 with a soft top and the peace of mind of a warranty, this is not a bad way to fly. After this car was hammered sold, a couple of guys near my seat groused that someone paid way over retail for a Grand Sport. This would be true if the car was bone stock (but not by much). But this is a well-bought Corvette, considering that it was a Callaway-finished car that would've almost hit six digits when new. Bang for the buck versus 710 horsepower While you really can't go terribly wrong with any of the three cars, my open-checkbook choice would be the Lingenfelter ZR1. It had almost everything going for it: The future collectibility of a ZR1 (the sixth car built is an added bonus), and an industry leader only moderately tweaked it from stock. And, and while there's some depreciation in the future, it won't depreciate as much as the Grand Sport Callaway. Finally, the ZR1 was the big dog in the horsepower race, with 710 ponies. However, for the cash-strapped, the Z06 represented a good value if you couldn't afford the other two cars. It had the best “bang for the buck” ratio of horsepower to price. The Z06 was $83.96 per unit of horsepower, the ZR1 checked in at $104.50, and the Callaway was a spendy $139.93 per unit of horsepower. Also, unlike the tuner cars, the Z06 is Bloomington Gold eligible—if you keep it in pristine condition. While it is still depreciating, the Z06 also has already taken a more sizeable hit than the other two cars. However, the race is rarely won by the thriftiest competitor, so I'll still stick with the ZR1. It's hard to beat 710 horsepower in a near-stock appearing, well-tuned package. ■ (Introductory descriptions courtesy of Mecum Auctions.) www.corvettemarket.com SUMMER 2011 Corvette Market 35


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Market Report Overview Summer Corvette Sales Bring $15m Corvette values held strong from May through the end of June, with rare C3s bringing the highest prices By Jim Pickering auction block at locations from Bloomington Gold in St. Charles, IL, to our hometown of Portland, OR. Values held firm for all generations of Corvette, with rare, documented examples again bringing the highest prices. Mecum's 25th Annual Spring Classic auction took T place in mid-May, and this year, it cemented its place as one of the country's largest classic car auctions, with over 2,000 individual cars for sale. The event grew by a day this year, and the number of cars on offer required expansion into another building on the Indiana State Fairgrounds. Senior Auction Analyst B. Mitchell Carlson was there to report on the 229 Corvettes available, and of them, 162 were sold for a combined total of $7m. The top Corvette sale of the weekend went to a 1969 L88 coupe in Fathom Green. From the Paul Dehnert Estate Collection, it was offered at no reserve, selling for $222,600. Barrett-Jackson returned to Orange County, CA, for the second time in late June—this time moving 330 cars for a total of $13.4m. A total of 24 Corvettes were offered, and of them, 23 sold for a combined $1m. Senior Auction Analyst Carl Bomstead was there as Corvettes were crossing the block, noting a well-documented 1969 L89 convertible in Riverside Gold to be the high Corvette sale of the event at $121,000. But you didn't need to spend six figures to get a good car, as a 1976 coupe with a custom 406-ci small block and a 4-speed sold for just $11,000—not a bad deal for a good cruiser in decent condition. Bloomington Gold CM 1–6 Scale Condition Rating: 1: National concours standard/perfect 2: Very good, club concours, some small flaws 3: Average daily driver in decent condition 4: Still a driver but with some apparent flaws 5: A nasty beast that runs but has many problems 6: Good only for parts is one of the premier Corvette events of the year, and the Mecum auction held alongside Bloomington judging tends to draw some very high-quality This year's event took place in late 119 of 244 Corvettes selling for a combined total of just under $6m. Carlson was joined here by Dan Grunwald, and they both found the quality of cars to be quite high, which is on 36 Corvette Market SUMMER 2011 www.corvettemarket.com he summer months always bring a boost in Corvette sales across the U.S, and from May through the end of June, CM's analysts watched the market carefully, tracking trends as Corvettes crossed the Top Ten Sales This Issue 1. 1971 Corvette 454/425 convertible, $434,600—Lot S99, p. 47 2. 1969 Corvette L88 427/430 coupe, $222,600—Lot S134, p. 58 3. 1958 Corvette 283/250 Fuelie convertible, $151,050—Lot S68, p. 40 4. 1967 Corvette 427/435 convertible, $140,450—Lot S76, p. 46 5. 1967 Corvette 427/435 L89 coupe, $124,020—Lot T232, p. 57 6. 1967 Corvette 427/400 convertible, $121,900—Lot S115, p. 46 7. 1958 Corvette 283/270 convertible, $116,600—Lot S90, p. 42 8. 1966 Corvette 427/425 convertible, $111,300—Lot S87, p. 44 9. 1957 Corvette 283/245 convertible, $101,760—Lot S85, p. 40 10. 1957 Corvette 283/283 Fuelie convertible, $99,450—Lot 139, p. 68 Best Buys 1. 1958 Corvette 283/290 Fuelie coupe, $87,450—Lot S219.1, p. 56 2. 1987 Corvette Callaway Twin Turbo convertible, $22,790—Lot S60, p. 80 3. 1992 Corvette 350/300 coupe, $14,310—Lot S112, p. 48 4. 1995 Corvette ZR-1 5.7/405 coupe, $31,590—Lot 188, p.82 5. 1965 Corvette 327/365 coupe, $69,960—Lot W229.1, p. 57 Corvettes. June, with par with the standards set here in past years. Quite a few surviving originals were on offer this year, as well as a collection of 23 black Corvettes. The high sale of the event went to a 1971 Corvette ZR2 convertible at $434,600. Auctions America by RM, MidAmerica, VanDerBrink, and Silver Auctions all featured auctions with Corvettes as well. And in CM's own backyard, Bonhams & Butterfields' sale of the Wally Lewis Collection saw ten Corvettes sell, led by a 1957 283/283 Fuelie at $99,450. This month's Roundup section, starting on p. 68, covers these cars, as well as many more. The market remains a robust place for both buyers and sellers, but the key is still documentation, so if you're buying, look for cars with as much paperwork as possible. And if you're selling, be sure to display all the docs you have with your car. You'll be glad you did. 


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Market Report Mecum St. Charles, IL Bloomington Gold Corvette Auction If you wanted a black Corvette, this was your sale, as a special collection of 23 were offered from 1954 to 1969 Company Mecum Auctions Date June 24–25, 2011 Location St. Charles, IL Auctioneers Mark Delzell, Mike Hagerman, Bob McGlothlen, Jim Landis and Matt Moravec Corvettes sold/offered 119/244 (49%) Corvette sales total $5,929,185 Corvette high sale 1971 Corvette ZR2 convertible, sold at $434,600 Buyer's premium Any color you want, as long as it's black Intro by Dan Grunwald, report and photos by B. Mitchell Carlson and Dan Grunwald Market opinions in italics L uck prevailed again in Northern Illinois for this year's Bloomington Gold auction, as the harsh weather that passed through Chicago on the Tuesday before the event missed the Pheasant Run Lodge completely. Numerous Chicago suburbs were still without power on Friday, which was the first sale day in St. Charles. Throughout the preview hours on Thursday and Friday, there were overcast skies with cool temperatures and occasional light sprinkles. But as always, nothing seem edto dampen the enthusiasm of the Corvette-only crowds—who wait all year for this celebration of America's sports car. The star collection of this sale was a no-reserve collection of 23 black Corvettes from model years 1954 to 1969, with cars from that time frame representing each year black was available as a factory color from GM. Mecum advertised the cars heavily, and the collection even had special treatment on the way from its storage location to the auction site at Pheasant Run Lodge, with a police escort and parade-style speeds through nearby St. Charles on the Thursday before the auction. The Friday sale started a bit slow, with Mecum Sales Total the Mecum team working hard to earn their money and using every trick in the book to extract bids from the crowd in the auction tent. Despite the slow start, the event did pick up, especially as the Saturday sale started—the quality of the consignments improved and the money flowed much more freely. The muchpublicized black collection crossed the block on Saturday, selling for an aggregate hammer 38 Corvette Market SUMMER 2011 www.corvettemarket.com $12m $10m $8m $6m $4m $2m 0 price of $1.6m. I cannot stress enough the quality of the cars offered for sale here. It was difficult to find anything below a number 2 car, and several of the cars I rated at a number 3 or below were indeed rare “Survivor”-quality examples, rating as a 3 based on condition, but also bringing six-figure prices due to their unrestored originality. By the time the last car crossed the block, sales totals had reached nearly $6m—a comfortable increase over last year's $4.8m. The high sale of the event went to a 1971 Corvette ZR2 convertible, thought to be one of two, which made $434,600. Other notable sales included a 1958 Corvette 283/250 that made $151,050, a 1954 Corvette roadster that brought $74,200, and a 1962 Corvette 327/360 Big Brake Fuelie that sold at $90,100 (see the C1 profile, p. 24). The sheer size of the Mecum organization and the number of cars they sell every month makes this “Corvette Only” sale a minute part of their repertoire. But the dedication and work that were shown here were on the scale of any of the company's larger sales, and the quality of consignments was also top notch. There isn't any other place in the world where you can see this many fine and rare Corvettes in one place at one time, so if you feel a tug of desire for or even a light interest in America's Sports Car, then you must visit Bloomington Gold at least once in your life. ■ $300 up to $5,499; $500 from $5,500 to $9,999; 6% thereafter, included in sold prices 2011 2007 2008 2009 2010 2006 2005 2004 2003


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Market Report Mecum St. Charles, IL C1 Best Buy #S104-1954 CHEVROLET CORVETTE roadster. S/N E54S002260. Copper Metallic/tan leather. Odo: 75,187 miles. 235-ci 155-hp I6, 3x1-bbl, auto. New custom paint and interior. Fresh chrome and windshield glass. Said to have a numbersmatching engine. Rebuilt and rewired to stock AT $95,000. Flawless. What other Corvette commands a premium because of a base engine? Not enough money to change hands. #S20-1956 CHEVROLET CORVETTE convertible. S/N VE56S002468. Black/black/red vinyl. Odo: 26,300 miles. 265ci 210-hp V8, 4-bbl, 4-sp. Numerous paint preparation flaws and wavy side panels. Weak 245-hp V8, 2x4-bbl, auto. Body-off restoration in 2011 with lacquer repaint. New interior and chrome. NCRS regional Top Flight in 2011. Cond: 2+. SOLD AT $91,160. Probably not the best year to sell a black Corvette at no reserve, but this car sold the day before the “Black Corvette Collection,” and the quality was better. A respectable price. #S16-1957 CHEVROLET CORVETTE convertible. S/N E57S101891. Red/beige/red vinyl. Odo: 4 miles. 283-ci 270-hp V8, 2x4bbl, 3-sp. Newer paint with some thin areas and touch-ups visible. All chrome and trims are good. Some cracks in weatherstripping on configuration. Cond: 2+. SOLD AT $44,520. An unusual '54 with custom touches that still remained relatively factory stock, offered at no reserve. This had to be the bargain of the sale. The new owner can keep it custom or return it to bone stock without too much trouble. #S19-1955 CHEVROLET CORVETTE roadster. S/N VE55S001569. Black/beige/beige vinyl. Odo: 49,212 miles. 265-ci 195-hp V8, 4-bbl, auto. Fresh black paint shows a few edge chips. Chrome peeling off rechromed side spear. Pitting on windshield surround, wiper scratches on glass. Visible rear chrome and side-window chrome. Variable panel gaps. Pitted air cleaner and damage on distributor cover. Cond: 2-. SOLD AT $71,020. Part of the “Black Corvette Collection”. I thought this had a bit of a “fluff-and-buff” vibe going on, but it apparently worked. Sold well. TOP 10 No. 9 #S85-1957 CHEVROLET CORVETTE convertible. S/N E57S104412. Cascade Green/cream vinyl. Odo: 39,585 miles. 283-ci 245-hp V8, 2x4-bbl, auto. Presents well from ten feet and only looks better the closer you get. Triple windshield. Some cracking on steering wheel. Nicely detailed engine and interior. Cond: 2+. SOLD AT $82,680. I would guess this fewyears-old restoration that was just now losing some edge. Still a show car or very high end driver. This was the one to buy. Well bought and sold. #S106-1957 CHEVROLET CORVETTE convertible. S/N E57S100010. Cascade Green/green hard top/beige vinyl. Odo: 11 miles. 283-ci 283-hp fuel-injected V8, 3-sp. Windshield trim misfits and heavy scratch on right-side window frame. Body-off restored in paint run on dash under radio. Very dirty top. Cond: 2-. SOLD AT $79,500. Said to be one of 15 black Corvettes built in 1955. Part of the collection of black Corvettes featured and offered at no reserve. Fairly bought and sold. #S102-1955 CHEVROLET CORVETTE roadster. S/N E55S001229. Red/beige/beige vinyl. Odo: 4 miles. 235-ci 155-hp V8, 3x1bbl, auto. Looks factory-new in all around. Unusual 6-cylinder from 1955, when 695 were built with V8s, and only seven were Blue Flame 6-cylinder cars. Cond: 1. NOT SOLD Crown in 2007 and still shows better than new from the factory. Cond: 1. SOLD AT $101,760. Only possible criticism would be over-restoration, but if you wanted perfection, this was it. Hammered at $96,000 and broke the six-figure mark with the added 6% commission. Top price paid and worth every penny. #F76-1957 CHEVROLET CORVETTE convertible. S/N E57S100460. Black/black hard top/red vinyl. Odo: 49,372 miles. 283-ci 2009. Cond: 1. NOT SOLD AT $250,000. The serial #10 pilot car built in August of 1956 for the 1957 model year. An important and historic Corvette that just didn't bring enough important and historical money to sell today. TOP 10 No. 3 #S68-1958 CHEVROLET CORVETTE convertible. S/N J58S101627. Black/black hard top/red 40 Corvette Market SUMMER 2011 www.corvettemarket.com


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Market Report Mecum St. Charles, IL vinyl. Odo: 72 miles. 283-ci 250-hp fuel-injected V8, 4-sp. New paint, chrome, and interior. Hard top only. Radio and heater delete. Said to be a three-owner car with original California pink slip. Small cracks in both taillight lenses. 99.6% Duntov Award in 2008. Cond: 1. SOLD AT $151,050. A high-level restoration, confirmed by the final price paid. Well bought and well sold. TOP 10 No. 7 #S90-1958 CHEVROLET CORVETTE convertible. S/N J58S104339. Blue/blue/blue vinyl. Odo: 454 miles. 283-ci 270-hp V8, 2x4-bbl, 4-sp. No visible flaws in paint, engine, or inte- top/black vinyl. Odo: 96,686 miles. 283-ci 230-hp V8, 4-bbl, 4-sp. Rough paint. Most chrome and trims pitted, worn, dented, and/or or scratched. Windshield trim stuck on with putty. Fiberglass cracks by hood hinges. Chips in windshield. Seats sag, dash dull and dirty. N.O.M. with trim parts missing. Cond: 4+. SOLD AT $38,160. The solid frame on this car meant that it would make a good base with lots of possibilities, given enough time and money. But at the price paid, it'll have to be a labor of love. Well sold. #S84-1962 CHEVROLET CORVETTE convertible. S/N 20867S107443. Black/white/silver vinyl. Odo: 46,464 miles. 327-ci 360-hp fuel-injected V8, 4-sp. Dust visible in fresh paint in numerous places. Some waviness in chrome on windshield-surround. Dents in grille trim in the usual places. Odo: 69,571 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Light paint chips all over with a touch-up on top left front fender. Heavy paint bubbling and cracks in driver's door jamb area. Some chrome and trim scratches. N.O.M. Local Wisconsin car. Cond: 2-. SOLD AT $45,580. This honest driver seemed to start and run well. Both buyer and seller should be smiling. rior. Has a couple of small grille-surround dents. Cond: 1. SOLD AT $116,600. The best examples of early cars continue to bring strong money. This was another beautiful restoration that left the seller smiling. #S58-1958 CHEVROLET CORVETTE convertible. S/N J58S107486. Blue/blue hard top/red vinyl. Odo: 42,135 miles. 283-ci 245hp V8, 2x4-bbl, auto. All new chrome. Deep paint scratch on right cove. Trunk lid fits high. #S64-1964 CHEVROLET CORVETTE convertible. S/N 40867S117437. Silver/white vinyl/red leather. Odo: 68,611 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. A showroom-new car with solid-closing doors and tight-fitting top and side glass. Well restored, new paint, all new chrome and trim. Some chips and Equipped with optional fuel injection, 4-speed, and heavy-duty brakes. Cond: 2+. SOLD AT $90,100. Small details and quality of paint were all that kept this from a being a #1 car. All things considered, fairly bought and sold. See the profile p. 22. #S17-1962 CHEVROLET CORVETTE convertible. S/N O867S100461. Yellow/black/black vinyl. Odo: 16,485 miles. 327-ci 250-hp V8, 4-bbl, 4-sp. Older paint shows chips, cracks, and some color mismatch. Chrome has scratches and pitting. Dash pad pulling loose in front, and steering wheel has ground-down spots and cracks. Newer top has Some heavy dents in hard top trim. New interior, light pitting on some interior chrome trims. Detailed engine bay. Cond: 2. SOLD AT $68,900. One of many two-top cars offered at BG this year. Sold at a market price for condition. #S14-1959 CHEVROLET CORVETTE convertible. S/N J59S102564. Red/red hard tear on driver's side. Clean engine with dents in air cleaner. Undercoated. Cond: 3+. SOLD AT $32,860. This colorful driver was now starting to wear thin. Considering that it needed a bit of love and money, price paid was fair. C2 #S47-1963 CHEVROLET CORVETTE coupe. S/N 30837S102134. Red/black leather. 42 Corvette Market SUMMER 2011 www.corvettemarket.com scratches on original windshield. New leather interior, power windows. On original alloy wheels. Cond: 1. SOLD AT $80,560. This beautiful '64 had lots of original documents including window sticker, warranty book, and bill of sale. It was done right and brought a big price. Well sold. #S52-1964 CHEVROLET CORVETTE coupe. S/N 40837S110474. Ermine White/silver vinyl. Odo: 96,190 miles. 327-ci 365-hp V8, 4-bbl, 4-sp. Some stone chips on side and rear glass, light misfits on trim. Dealer-installed factory side pipes. With a/c and tinted glass. Cond: 2+. SOLD AT $50,880. Ermine White was the second most popular color in 1964, but you don't see that many of them today. It looks great with the tinted glass on a coupe. Fairly bought for an a/c car with 365 ponies.


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Market Report Mecum St. Charles, IL #S70-1965 CHEVROLET CORVETTE convertible. S/N 194675S119164. Rally Red/black vinyl/black vinyl. Odo: 6 miles. 396-ci 425-hp V8, 4-bbl, 4-sp. Fresh restoration to high level with new lacquer paint. Side glass has light scratches, one paint chip on IL, November 1997 (CM# 22089). Fair price paid today for this Bloomington Gold and NCRS Triple Crown award-winner. #S93-1966 CHEVROLET CORVETTE convertible. S/N 194676S125425. Green/green hard top/black vinyl. Odo: 8,868 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Some light paint preparation flaws, including touchup on right front fender. Delamination starting on front glass. Crease in right rear bumper chrome. New interior with heavy pitting at shifter opening. Teak wheel, power windows, 42,493 miles. 427-ci 425-hp V8, 4-bbl, 4-sp. NCRS Top Flight, Bloomington Gold Survivor, and Benchmark awards. Paint cracks and chips. A couple of trim dents on the windshield surround and hard top drip rails. Engine shows as non-restored original. Original Goldline Tires. Equipped with both hard and soft tops. Cond: 3+. NOT SOLD AT $130,000. This was a really good car, but where does the seller plan to take it to get more? The final bid had to be close. #S82-1966 CHEVROLET CORVETTE convertible. driver's door. Earned regional Top Flight in 2011. Cond: 1. SOLD AT $91,160. This beautiful Corvette looked better than showroomnew and was one of only a few 396/425 cars at the auction. Priced accordingly. #S66-1965 CHEVROLET CORVETTE coupe. S/N 194375S104794. Silver Pearl/black vinyl. Odo: 70,901 miles. 327-ci 250-hp V8, 4-bbl, auto. Fresh paint with liberal use of masking tape. Headliner falling loose, some marginal interior trim installation. Leather, au- a/c, and sidepipes. Excellent engine compartment. Duntov Award sticker on windshield. Cond: 2+. NOT SOLD AT $130,000. Last seen a year ago at Mecum's 2010 Bloomington Gold sale, where it was a $145,000 no-sale (CM# 164753). This was a really nice a/c car, but with the small-block powerplant, the high bid should've been enough. #S80-1966 CHEVROLET CORVETTE convertible. S/N 194676S121209. Blue/black vinyl/black leather. Odo: 3,444 miles. 350-ci fuel-injected V8, 4-sp. Fitted with 350 crate engine and aluminum radiator with electric fan. New paint and top. Newer radio and new engine temperature gauge under dash. Some light patina on leather driver's seat. Scratches tomatic, and power steering, brakes, and windows. Modern a/c added. Base 250-hp engine. Cond: 2-. SOLD AT $41,340. If you don't plan on racing other Corvettes, then this was your car. A pleasant sunny-day cruiser that your wife will enjoy driving as well. Well sold. #S82-1966 CHEVROLET CORVETTE convertible. S/N 194676S119425. Red/black vinyl/black vinyl. Odo: 492 miles. 427-ci 425hp V8, 4-bbl, 4-sp. Very nice paint shows a few flaws at base of soft top. Small dent in windshield header trim. Telescopic steering wheel. Side exhaust. Alloy wheels and Goldline tires. Cond: 1-. SOLD AT $80,560. Last sold for on glove box door and inside of driver's side glass. Cond: 2. SOLD AT $50,880. Started life as a base-engine 327 and now restomodded for more power and reliability. A solid summer driver that should bring many happy days for the new owner. Well bought and sold. #S77-1966 CHEVROLET CORVETTE convertible. S/N 194676S112970. Blue/blue hard top/black soft top/black leather. Odo: scratches and scratched trim on windshield. Non-original 1969 L72 engine. Cond: 2. NOT SOLD AT $45,000. It wasn't perfect, but this looked like a very nice driver. Some might consider the N.O.M. engine an upgrade, but not here and not today. $92,400 At Mecum's Bloomington Gold sale in 2007 (CM# 45516). Ten years earlier, sold for $46,988 at Mecum's sale in Arlington Heights, 44 Corvette Market SUMMER 2011 www.corvettemarket.com TOP 10 No. 8 #S87-1966 CHEVROLET CORVETTE convertible. S/N 194676S115610. Rally Red/black vinyl/red vinyl. Odo: 11 miles. 427-ci 425-hp V8, 4-bbl, 4-sp. Recent high-level restoration S/N 194676S119425. Red/black/black vinyl. Odo: 492 miles. 427-ci 425-hp V8, 4-bbl, 4-sp. NCRA Top Flight, Triple Crown, and Bloomington Gold (98.8%) judging sheets. Paint crack on both front corners by hood. Paint, interior and engine otherwise exceptional. Factory side exhaust, telescopic wheel, and power antenna. Offered at no reserve. Cond: 1. SOLD AT $80,560. Sold for $46,988 at Mecum's 1997 Arlington Heights, IL, sale (CM# 22089). Sold more recently at Bloomington Gold 2007 for $92,400, where our reporter wrote, “The seller should be smiling” (CM# 45516). Selling price today confirmed the truth of that statement. #F55-1966 CHEVROLET CORVETTE convertible. S/N 194676S113278. Nassau Blue/black vinyl/black vinyl. Odo: 24,165 427-ci 425-hp V8, 4-bbl, 4-sp. Newer paint looks a bit too blue for factory Nassau color. Some pitting on vent window frames. Wiper


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Market Report Mecum St. Charles, IL nality of this two-owner car was confirmed by Bloomington Gold Survivor and Silver Certification Awards. Seller was right to hold out for at least another 20k. TOP 10 No. 6 #S115-1967 CHEVROLET CORVETTE convertible. S/N 194677S116417. Maroon/black fabric with no visible flaws or misfits. Very bright paint and sidepipes make for tons of eyeball. Cond: 1. SOLD AT $111,300. A mid-year resale red convertible with big block and 4-speed with no flaws. How do you beat that? Well sold. TOP 10 No. 4 #S76-1967 CHEVROLET CORVETTE convertible. S/N 194677S116383. Maroon/maroon hard top/black vinyl. Odo: 67,719 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Lots of age-cracking and checking in what appears to be mostly original paint. Driver's seat torn. Some interior paint weak. Engine bay shows as unrestored. On original Kelsey-Hayes wheels. Cond: 3+. SOLD AT $140,450. top, headrests, and soft top. With tank sticker and shipping data report. Earned NCRS Top Flight in 2009. Cond: 1. SOLD AT $121,900. This had all the right stuff and was re-done correctly and with high quality. Market price for a no-questions car. coupe. S/N 194377S109251. Silver Pearl/black/black #S88-1967 CHEVROLET CORVETTE vinyl. Odo: 62,325 miles. 427-ci 400-hp V8, 3x2-bbl, 4-sp. All new chrome and interior. Couple of visible paint prep flaws. Some front glass chips. Optioned with a/c, 400-hp engine, tinted glass, headrest A Survivor-quality car with matching hard top. Last appeared at Mecum's 2009 Bloomington Gold sale, where it was bid to $170k and not sold (CM# 120944). The seller obviously should've taken the money then, but not a terrible transaction today. Well bought and sold. #S107-1967 CHEVROLET CORVETTE coupe. S/N 194377S114027. Blue/blue. Odo: 89,333 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Mostly original paint shows cracks, chips, and nicks absolutely everywhere. Large separation cracks on both sides at top of A pillar. Chrome worn through on rear bumper, but trims look good and dent-free. Quite nice original interior. seats, transistor ignition, and power steering, brakes, and windows. No hubcaps. Said to be original, documented-mile car with tank sticker to confirm options. Cond: 1-. NOT SOLD AT $170,000. Very high level restoration to original factory specs with great options. It was one of the stars of the sale, but just didn't quite pull the required dollars. C3 #F114-1969 CHEVROLET CORVETTE convertible. S/N 194670D724255. Engine shows age and some re-taped wiring. Cond: 3-. NOT SOLD AT $75,000. The origi- 46 Corvette Market SUMMER 2011 www.corvettemarket.com Maroon/black vinyl/black vinyl. Odo: 4,401 miles. 427-ci 400-hp V8, 3x2-bbl, 4-sp. Tear in driver's seat. Newer radio and later-model tilt and telescopic steering column and wheel. Sidepipes with good chrome. Power brakes, power steering, and a/c. Engine washed but not Immaculate original interior, with just a nice hint of old car smell. Optional L46 350/350, 4-speed, 4.11 Positraction, sidepipes, and AM/ FM radio. Cond: 3+. SOLD AT $36,570. After the consignor purchased the car, he took it to the same shop that had maintained it since new. When the new owner had the smog pump put back onto the motor, the owner of the shop noted that he originally removed it right after the car was sold new in 1969. Benchmarkready for next year's Bloomington Gold. As such, it was bought well. #F39-1971 CHEVROLET CORVETTE LT-1 convertible. S/N 194671S108894. Mille Miglia Red/red hard top/black soft top/red leather. Odo: 94,753 miles. 350-ci 330-hp V8, hard top/Saddle leather. Odo: 14 miles. 427-ci 400-hp V8, 3x2-bbl, 4-sp. New lacquer paint in 2009. Optional a/c, leather, power brakes, power steering, telescopic wheel, vinyl hard detailed. High polish alternator. Cond: 2-. SOLD AT $31,800. Originally a blue car, now painted a later Corvette red color. Deep paint and shiny sidepipes made for lots of eyeball, which probably explains how it sold so well. #S71-1969 CHEVROLET CORVETTE convertible. S/N 194679S713601. LeMans Blue/blue hard top & black vinyl soft top/black vinyl. Odo: 23,664 miles. 350-ci 350-hp V8, 4-bbl, 4-sp. One owner until 2009, still with all original drivetrain components, paint, ProtectO-Plate, and tank sticker. Windshield starting to delaminate along passenger's side. Runs out quite well. Light flash rust on most uncoated engine bay components, chassis and undercarriage heavily surface-rusted overall.


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4-bbl, 4-sp. New chrome. Scratches on side glass. Shiny paint with numerous flaws on hood. Crack on dash top. Clean engine. Cond: 2. SOLD AT $29,680. One of the most desirable C3s built, with plenty of power from its solid-lifter small block. And it was a convertible with both tops. Well sold. TOP 10 No. 1 #S99-1971 CHEVROLET CORVETTE convertible. S/N 194671S117850. Ontario Orange /or- ange hard top/black vinyl soft top/black vinyl. Odo: 21,033 miles. 454-ci 425-hp V8, 4-bbl, 4-sp. Restored by Naber Brothers and owned by a veritable who's-who of Corvettedom. Feature display at Bloomington Gold in 1999 and 2003, plus on special display at NCM in 2000. Paint masking around body tag and door latch hardware not as good as I'd expect on such an outstanding restoration. Virtually concours-ready as it sits. As confirmed by original sponding clamps not OEM. Mostly original paint, with some panels blended in and others showing moderate crazing. Original seats heavily soiled. Optional 454, M21 4-speed, a/c, rear window defogger, power steering and windows, and tilt/telescopic steering column. Rally wheels still shod with original Firestone Parnelli Jones bias-ply tires (a bit ironic, as Parnelli is a Ford man). Cond: 3+. NOT SOLD AT $31,500. This car had basically been parked for most of its existence since being purchased by its second owner in 1976. Before that owner sold the car in 2003, he had it detailed, touched up as needed, and the motor gone through. At that time, it had 36,831 miles on it. A nice example of a mostly original bigblock, 4-speed chrome bumper car, it was a no-sale on the block, though a deal was supposed to be in the works afterward with an SCM Platinum subscriber. #S117-1972 CHEVROLET CORVETTE convertible. S/N 1Z67W2S509213. Classic White/black vinyl soft top/black leather. Odo: 80,343 miles. 454-ci 270-hp V8, 4-bbl, auto. Better quality older repaint over good body prep. Rear door gap quite wide and uneven. Show-quality bumper replate, and well aligned to body. Excellent mostly original interior tank sticker, equipped with optional ZR2 454 engine package, M22 4-speed, 3.55 Positraction, F41 suspension, power brakes, and hard top. Cond: 2+. SOLD AT $434,600. One of two ZR2 convertibles produced, the other car was also here this weekend at Bloomington Gold, featured in The Great Hall. The auction car was documented with the original tank sticker, which confirms a build date of mid-May 1971, the latest known build date for an LS6 Corvette. Not only was it the last ZR2 built, it was also the last of all 454-ci LS6-powered vehicles built by Chevrolet. This one pretty much took most everyone by surprise. Last sold here at Bloomington 2008 for $550,000 (CM# 117104). #S72-1972 CHEVROLET CORVETTE coupe. S/N 1Z37W2S505129. Classic White/blue vinyl. Odo: 37,176 miles. 454-ci 270-hp V8, 4-bbl, 4-sp. Believed mostly original and showing actual miles. Good engine bay fluff-up, but upper radiator hose and corre- recently and do look good. Repro seat upholstery. 1980s Kenwood cassette stereo sloppily mounted into dash. New clamped stock exhaust system and spare tire bucket. Optional a/c, tilt/telescopic column, and interior décor group. Cond: 3. NOT SOLD AT $16,500. This final year C3 drop top was more of a bruiser cruiser than an investment piece. It fared worse than this on Saturday as lot S138, when it was a no-sale at $14k. This should definitely have been enough. #F59-1978 CHEVROLET CORVETTE 25th Anniversary Edition coupe. S/N 1Z87L8S425526. Silver & gunmetal/red cloth. Odo: 55,447 miles. 350-ci 185-hp V8, 4-bbl, auto. Mileage claimed actual. Better quality repaint, with light sanding scratches on windshield A-pillar along body. Blackout A-pillar trim heavily faded. Better-than-stock gaps. Newer, good quality engine repaint, some components dingy and flash-rusted. Heavier fading of seat cloth, carpeting, and console lid. components, although a good amount of it has been redyed. Seat leather very glossy and heavily wrinkled. Aftermarket center console T-pad. Clean and tidy but not show quality under the hood and under the body. Optional LS5 big block, automatic, a/c, power windows, tilt/tele column, AM/FM, luggage rack, and interior décor group. Cond: 3+. SOLD AT $33,920. Heavily optioned, this would've been a very expensive car when new–at least $6,800 by my calculations. Today it still rings the bell, though more due to its respectable condition than its option list. The reserve was lifted at $32k. Not cheap, but a decent buy if you wanted Cadillac luxury in a C3 Corvette. #F79-1975 CHEVROLET CORVETTE convertible. S/N 1Z67J5S433592. Classic White/black vinyl/Saddle leather. Odo: 87,310 miles. 350-ci 165-hp V8, 4-bbl, auto. Good older repaint with original paint in jambs and hood gutters. Original sloppily glued weather seals. Doors sit a bit low. Pitted mirrors. Missing rubber seal between air cleaner assembly and cowl induction-style hood. Both engine and bottom of hood have been fluffed up Very heavy steering wheel rim wear. Optional a/c, power windows, Gymkhana suspension, tilt-telescopic steering column, cruise, power antenna, and AM/FM/8-track. Stock alloys. Original window sticker. Cond: 3. NOT SOLD AT $12,250. Of the three interior colors available with the 25th Anniversary package— black, Oyster, and red—red seems to be the rarest. Indeed, my records showed that this was the first red interior example I'd evaluated since the start of Corvette Market. Not a bad combo, but not a great car. Stated to take $15k when it was on the block, but this should've been plenty. #F70-1978 CHEVROLET CORVETTE Indy Pace Car Edition coupe. S/N 1Z8748S900542. Silver & black/silver leather. Odo: 42,623 miles. 350-ci 220-hp V8, 4-bbl, auto. Optional L82 engine. IPC decals are still in original boxes in back of car. Wears mostly original paint, but it's nothing to write home about: fisheye pooling on rear fender peaks and doors peaks; bonding strips beginning to de- www.corvettemarket.com SUMMER 2011 Corvette Market 47


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Market Report Mecum St. Charles, IL laminate on both front fenders; heavier crazing of hood C-stripe decal, with unimpressive 29,219 miles. 350-ci 230-hp fuel-injected V8, manual. Seller believes that the 29,219 indicated miles are original. Excellent original paint. Doors have a bit of a rattle to them. Tidy engine bay, but with typical discoloration of cast valve covers. Minimal wear on very pre- Best Buy #S112-1992 CHEVROLET CORVETTE coupe. S/N 1G1YY23P7N5101300. Yellow/tan leather. Odo: 22,984 miles. 350-ci 300-hp fuel-injected V8, auto. Actual miles. Factory original orange peel has been buffed and polished nearly out of existence. Only discernable interior wear is on door sill carpet, masking on it from when hood was repainted; scuffs on right rear corner. New non-OEM replacement windshield. Original interior. Seam separation starting on passenger's seat. Clean engine bay. Cond: 3-. SOLD AT $15,370. Original 1978 Pace Cars really illustrate the low state of the domestic auto industry at that time. Despite being the hot car that year, they present as being just slapped together and almost painted as an afterthought. “Good news, it's all-original; bad news, it's all-original” could never be more true. Market-price sale for now. #S9-1979 CHEVROLET CORVETTE coupe. S/N 1Z8749S432386. Black/black leather. Odo: 47,542 miles. 350-ci 225-hp V8, 4-bbl, 4-sp. Older repaint, with front fender bonding strips starting to bubble up and light orange peel on rear valance. Heavy aftermarket window tint on all glass except windshield. Clean engine compartment generally original but far from detailed. Decal on wheelwell indicates a/c system retrofitted with R-134A in sentable original interior. Optional 4+3 manual transmission, electronic climate control, leather sport seats, and AM/FM/cassette stereo. On newer economy replacement tires. Cond: 3+. NOT SOLD AT $8,500. One of 1,014 Silver Beige & Medium Brown factory twotone cars. The 4-speed with electric overdrive gearbox didn't do much to help value here; the car's strongest suit was being a tidy original. It could possibly bring a few more bucks somewhere else, but then again, it was in the middle of Corvette Mecca. #F113-1986 CHEVROLET CORVETTE Indy Pace Car Edition convertible. S/N 1G1YY6782G5901998. Red/white vinyl/gray leather. Odo: 52,157 miles. 350-ci 235-hp fuelinjected V8, manual. Full Pace Car decal set applied over very well-kept original Door-to-glass seals show some light chipping and tears. Less interior wear than expected. Aftermarket steering wheel rim leather cover fitted. Very heavy passenger's seat back wear, suggesting that said seat was kept in the down position, rubbing on rear bulkhead carpeting although seats are all but marinating in silicone protectant. Near showroom-condition engine compartment, with minimal road abrasions on undercarriage. Newer replacement Firehawk tires on stock wheels. With optional selective ride control, dual power leather sport seats, and both types of roof panels. Cond: 2. SOLD AT $14,310. With the good combination of rarest paint combination for 1992, first year for the bullet-proof LT1 motor, and being pampered since new, this was the best late C4 buy of the weekend. #S133-1993 CHEVROLET CORVETTE paint. coupe. S/N 194371S111485. Ruby Red/Ruby Red leather. Odo: 17,805 miles. 350-ci 300-hp fuel-injected V8, auto. Stated to be original miles and have all original finishes. Minimal paint chips on nose and mirrors. Heavier wax residue on chin spoiler, door handles, and weatherstripping. Light-to-moderate interior wear. Light but noticeable fading of cargo area carpet. Noticeable soiling of door panel tops. 2006. Heavily faded and discoloring door panel carpet. Seats and carpets wearing. Dull finish on optional alloy wheels and highly faded center caps. With optional L82 and 4-speed, plus a/c. Cond: 3-. SOLD AT $10,000. A desirable powertrain combo on an iffy car. This would've fit well with the 23-car black Corvette collection. Especially since this was the second year that an all-black car was again available again since 1969. It was listed as lot F151 and a no-sale at $9k on Friday. On Saturday, it was turned loose at nearly the same price. Reality. C4 #F62-1986 CHEVROLET CORVETTE coupe. S/N 1G1YY0783G5123479. Silver Beige & Medium Brown/bronze leather. Odo: 48 Corvette Market SUMMER 2011 www.corvettemarket.com since new, or that it was cleaned with 100-grit sandpaper. Aftermarket cat-back chambered exhaust system. Wearing BF Goodrich replacement tires. Cond: 3+. SOLD AT $10,000. The weekend before, at Mecum's St. Paul auction, a virtual copy in black was declared sold at $8,500, decals on the flanks and all. Both also had the 4+3 manual transmission, so considering the fact that that's actually a minus compared to the bullet-proof 700R4, we can say that the cars represented the upper and lower brackets of current market pricing. Generally tidy under the hood and under the body, but not a show car by any standards. New Cooper performance tires on the stock wheels. Cond: 3+. NOT SOLD AT $14,000. When on the auction block, they were close enough to the $15k reserve that the auctioneer declared “the first person to stick their hand in the air gets the car.” If anything, the bidders shrunk down in their seats, almost as if they'd been threatened. So away it rolled, back to its owner. #F120-1993 CHEVROLET CORVETTE 40th Anniversary Edition convertible. S/N 1G1YY33P7P5108272. Ruby Red/Ruby Red


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Market Report Mecum St. Charles, IL cloth/Ruby Red leather. Odo: 50,867 miles. 350-ci 300-hp fuel-injected V8, 6-sp. Heavier paint chipping on the nose and mirrors accented by wax residue all over, including Car Registry decal in windshield. Aside from sticker still attached, as car was immediately acquired after assembly by the Bob McDorman Collection and never dealer-prepped. White protective film still in jambs. Clear seat cover torn up on driver's, missing on passenger's side. Otherwise just like it just rolled off the on door handles and bottom edges of lightly weathered top. Heavier seat wear, but neither seat has any tears. Clean underhood and undercarriage, but not detailed. With optional 6-speed selective ride control. Rolls on older replacement Goodyear tires with less than half of tread life remaining. Cond: 3. SOLD AT $13,515. Market-priced for condition. Maybe could've brought a little more with a thorough detailing. #F106-1995 CHEVROLET CORVETTE convertible. S/N 1G1YY32P9S5110759. Black/black cloth/black leather. Odo: 52,434 miles. 350-ci 300-hp fuel-injected V8, auto. Good original paint, buffed out quite a bit and with touch-ups. City of McHenry, IL, sticker from 2003 in windshield. Original top starting to show some light weathering. Engine bay comes off as heavily used and tired. Typical late C4 interior wear patterns, with moderate light water drop spatters, even the undercarriage looks like it just came off the truck from the Bowling Green Assembly Plant. Two options: Pace Car package and Pace Car Preferred Equipment Group. Cond: 2+. NOT SOLD AT $29,000. 1995 Pace Cars are pretty easy to find with minimal miles, or even virginal examples still on their MSO. While it was stated that $36k was needed to buy it today, the final bid shouldn't have offended anyone. C5 #S127-1997 CHEVROLET CORVETTE Lingenfelter 427 coupe. S/N 1G1YY22GXV5100191. Fairway Green/black leather. Odo: 48,321 miles. 7.0-L 550-hp fuelinjected V8, 6-sp. One of the first C5s built– unit sequence number 191–and one of 45 with RPO code WD0 (Containment Test Vehicle). In 2004, upgraded by Lingenfelter with their 427-ci LS-series engine. 12k miles since conversion. Excellent original paint, although fascias may have been resprayed at conversion. assembly line. Optional dual power sport seats, Head Up display, dual-zone a/c, power tilt/tele steering column, memory package, single disc CD stereo, fog lamps, Twilight Sentinel, and performance rear axle. Cond: 1-. SOLD AT $31,800. Oh, by the way, Bob McDorman snapped it up because it was the last 1999 Corvette built. Whether anyone else really cared about it being the last car built before the Y2K model year is debatable, but as a barely breathed-upon car, it was bought well. Not quite as well as when this consignor bought it from McDorman's Collection in November 2010 for $26,400 (CM# 168129), but still flipped well. #S110-2000 CHEVROLET CORVETTE coupe. S/N 1G1YY22G6Y5100001. Dark Bowling Green Metallic/black leather. Odo: 3,498 miles. 5.7-L 345-hp fuel-injected V8, auto. Ordered new by Bob McDorman Chevrolet specifically for his collection. Minimally equipped, with only options being power passenger's seat, performance wear on seat bolsters and door sill carpeting. Original mufflers starting to blow out on forward seams on the bottom. With optional dual power sport seats & electronic climate control. Cond: 3. SOLD AT $13,250. Since it was a one-owner car, said owner's valuation of the car was near the top-end of realistic. Final bid would was market-correct, and he did well to let it go. #S38-1995 CHEVROLET CORVETTE Indy Pace Car Edition convertible. S/N 1G1YY32P3S5113141. Purple & white/white vinyl soft top/purple & black leather. Odo: 645 miles. 350-ci 300-hp fuel-injected V8, auto. Original window sticker intact. A virtually brand-new car, with 645 miles and claimed to be all original except battery. Also claimed to have never lowered the top, and it certainly does not have any wrinkling. Corvette Pace 50 Corvette Market SUMMER 2011 www.corvettemarket.com ratio, fog lamps, and floor mats. NCM delivery sticker on rear hatch glass, but was built a year before the R8C museum delivery package was available. Minimal interior wear. GM Proving Grounds access sticker on windshield, dated April 7, 1999. Light soiling underhood and on Non-Lingenfelter aftermarket green leather accents. Heavier interior wear than expected for the miles. Three GM Campaign (recall) completion stickers visible. Clean and tidy under the hood, but not a show car. Cond: 2-. NOT SOLD AT $20,000. This was one of the rarest paint colors on a regular production C5 Corvette, with only 155 cars so painted in 1997 and 223 in 1998. The Lingenfelter and oneowner bullet points evidently didn't impress anyone here, as it was bid to about as high as you would ever go for a bone-stock '97 with fewer miles. coupe. #S109-1999 CHEVROLET CORVETTE S/N 1G1YY22G0X5133283. Silver/black leather. Odo: 50 miles. 5.7-L 345hp fuel-injected V8, auto. Original window axle undercarriage. Otherwise in showroom condition. Cond: 2+. NOT SOLD AT $29,000. Right on the heels of lot S109, this was the first Y2K Corvette. However, it wasn't next car down the Bowling Green assembly line after that one–this one was likely built earlier, as a model year certification proof car in late March or early April 1999, while the last 1999


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Market Report Mecum St. Charles, IL would've been built in July or early August 1999. One would've figured that the same buyer of S109 would've both chased it down and bought it for the same $31,800 bid, but that was not to be. #F164-2000 CHEVROLET CORVETTE Lingenfelter Stage II convertible. S/N 1G1YY32G9Y5114352. Arctic White/tan cloth/Oak leather. Odo: 20,294 miles. 5.7-L 650-hp turbocharged V8, 6-sp. Sold new as standard-issue C5 with optional 6-speed, dual power sport seats, 12-disc CD changer, Active Handling, dual zone a/c, memory package, body side moldings, and fog lamps. Within a year, converted to Lingenfelter 650 Twin Turbo engine bay. Washed-off undercarriage, but still has some light road dust. Equipped with factory optional manual 6-speed transmission, navigation, and 3LT equipment group. All in all, a nice used car. Cond: 2-. SOLD AT $38,160. One of the only used-car-lot specials to actually sell. The only thing missing was the inflatable gorilla. Fair price. #F96-2006 CHEVROLET CORVETTE coupe. S/N 1G1YY26U865104953. LeMans Blue/gray leather. Odo: 13,391 miles. 6.0-L 400-hp fuel-injected V8, 6-sp. GM Certified Pre-Owned program used car, brought in from local dealer. Sparsely equipped, with only the 6-speed manual transmission and 2LT equipment package. Weakest areas are wear on the val cars in a black-and-silver color scheme similar to 1978. Since it was a real deal festival car with the markings to prove it, price was close to retail, but bought well. #F94-2008 CHEVROLET CORVETTE Z06 coupe. S/N 1G1YY26E485104508. Black/painted panel/Ebony leather. Odo: 19,477 miles. 7.0-L 505-hp fuel-injected V8, 6-sp. GM Certified Pre-Owned used car straight from local dealer. Minimal paint nicks on nose and sides. Not the best door trim installation job, as it has multiple air bubbles on both sides. Like-new interior and engine bay. Light road dust on undercarriage. Optional 3LZ Stage II specs. Like-new paint. Roof heavily soiled, perhaps stored folded down and dirty for extended period. Tidy underhood, although carbon fiber engine covers don't fit very well. Interior like new for the most part. Cond: 2-. NOT SOLD AT $36,000. The original owner must have gotten bored with the stock 345-hp set-up, but in the decade since conversion, he hadn't even equaled the mileage acquired in that first year. Perhaps it was a bit too much to live with? It was something of a hard sell here, as not only did it not gather much interest when it crossed the block on Friday, but did a paltry $28k as lot# S61.1 the next day. C6 #F95-2006 CHEVROLET CORVETTE convertible. S/N 1G1YY36U265121558. Machine Silver/Titanium cloth/gray leather. Odo: 11,889 miles. 6.0-L 400-hp fuel-injected V8, 6-sp. GM Certified Pre-Owned program used car, straight from local Chevy dealer. Like-new paint, with no discernible paint chips from road debris. Well detailed interior and been repaired just beneath fuel filler door. Light weathering of top just starting to show. Minimal seat and steering wheel rim wear. Minimal road grime on undercarriage and underhood. Cond: 2-. SOLD AT $42,400. To commemorate the 30th anniversary of the first Corvette Indy Pace Car, Chevy did up the festi- 52 Corvette Market SUMMER 2011 www.corvettemarket.com mats show any sign of soiling or wear-and very light, at that. Cond: 2+. SOLD AT $84,800. After it was hammered sold (the reserve was lifted when it hit $80k) a couple of guys near where I was sitting groused that someone paid way over retail for a Grand Sport. True if it was bone stock (but not by much), but bought well considering that it was a Callawayfinished car that would've hit nearly six digits new when all was said and done. See C6 profile p. 34. ■ steering wheel rim and flash rust on various suspension components. Overall, it could almost pass for a new car. Cond: 2. NOT SOLD AT $29,000. What this was lacking in trinkets it made up for in condition. The GM CPO print-out in the windshield indicted that the dealer wanted $34,979 for the car when it was sitting on their lot. Fat chance that the $29k bid was going to do anything, even if it was basically the right price. #F75-2008 CHEVROLET CORVETTE Indy Pace Car Edition convertible. S/N 1G1YY36W985124607. Black & silver/black cloth/black & gray leather. Odo: 5,918 miles. 6.2-L 430-hp fuel-injected V8, auto. An actual Indy Festival car, with unit number (46) and parking permit decal still attached to windshield. As-new paint, although graphics have package with navigation, chrome alloy wheels, dealer accessory mudguards, and aftermarket dark window tint on backlight. Cond: 2-. NOT SOLD AT $48,000. Another one straight from the local used car lot, complete with the GM CPO report and price sticker in the windshield. As such, it was not hard to guess the magic number of $51,965. It seemed like there were a dozen of these offered Friday afternoon. #S120-2010 CHEVROLET CORVETTE Callaway Grand Sport convertible. S/N 1G1YS3DW7A5105287. White & red/black cloth/black & red leather. Odo: 3,379 miles. 6.2-L 606-hp V8, supercharger, 6-sp. Factory optional 6-speed manual, dual-mode exhaust, power top, 3LT equipment package, navigation, Z15 heritage package. Upgraded by Callaway with their supercharger package. Only the undercarriage, tires, and the floor


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Market Report Mecum Auctions Indianapolis, IN 25th Annual Spring Classic A total of 229 Corvettes were on offer here—not bad, considering many all-Corvette auctions have a hard time drawing similar numbers Company Mecum Auctions Date May 17–22, 2011 Location Indianapolis, IN Auctioneers Mark Delzell, Mike Hagerman, Jim Landis, Bobby McGlothlen, Matt Moravec, and Jeff Knox Overall cars sold / offered 1,249/2,021 Total sales rate 62% Sales total $48,607,877 Corvettes sold / offered 162/229 Corvette sales total $7,068,645 Corvette high sale ZR-1s from the Paul Dehnert Collection Report and photos by B. Mitchell Carlson Market opinions in italics M ecum's annual Spring Classic auction saw significant growth in almost every capacity this year. The number of days increased by one, the number of consignments jumped by over 400, and gross sales increased by over $5m. The auction block moved locations to the next building over on the Indiana State Fairgrounds, and the Toyota Pavilion—where the sale was conducted in previous years—now was half filled with Saturday's featured cars and vendors. By the time all the consignments had checked in, there was a total of 229 Corvettes available. Not bad, considering that Corvette-only auctions can be hard pressed to have that many cars on-site (the all-Corvette Bloomington Gold sale, also featured in this issue, is widely known as the world's largest all-Corvette auction, and this year it featured a grand total of 244 Corvettes). Then again, with over 2,000 unique lots at Indy, the law of averages pretty much guaranteed that there would be a lot of Corvettes in the mix. The top-selling Corvette of the 162 ham- Corvette Sales Total $7m mered sold was the 1969 L88 coupe from the no-reserve Paul Dehnert Estate Collection. An older restoration in its original Fathom Green, it sold at $222,600. Other notable Corvettes in his collection included three C4 ZR-1s—two modified cars and one low-mile bone-stock example—all in red. All three cars sold within spitting distance of each other, continuing the age-old debate over whether or not modifications on a Corvette really hurt the car's value if they're done by a known, quality tuner. Aside from offering several high-end col- 54 Corvette Market SUMMER 2011 www.vettemarket.com $3.5m $6m $5m $4m $3m $2m $1m 0 2011 2010 2009 2008 2007 2006 2005 2004 1969 Corvette L88 coupe, sold at $222,600 Buyer's premium lections, including several estates, Mecum also had a four-car grouping of cars that were part of the 1953 GM Motorama. Of note here was the 1953 Corvette of the offering (serial number 274), which failed to sell at $180,000. This proved to be the top no-sale car. One new wrinkle of this year's event was Mecum's $300 up to $5,499; $500 from $5,500 to $9,999; 6% thereafter, included in sold prices separate and concurrent automobilia auction, taking place Thursday through Saturday in the neighboring auditorium. Once the automobilia had left the stage, the sale then shifted to an estate parts collection auction on Sunday. Among the parts were a number of Corvette pieces, ranging from 1960s-era fuel injection setups to 6-speed transmissions parted out of C4 ZR-1s. All in all, this seemed to work well for Mecum, as interest was high throughout the event. All in all, Dana and company manage to pull new rabbits out of their hats every year, and they not only keep pressing on, but also expand—and they have the resources to make it work. Even with this volume, the company had sufficient staff on hand to handle most anything—from driving and marshalling cars to getting the paperwork and checks done in the office. Kudos to Mecum for not only pulling this off, but for also having the foresight to know that it takes enough people in the right places to make everything work smoothly. ■ 2007 2008 2009 2010 2011 2006 2005 2004


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Market Report C1 #S106-1953 CHEVROLET CORVETTE roadster. S/N E53F001274. Polo White/black cloth soft top/red vinyl. Odo: 45,743 miles. 235-ci 150-hp I6, 3x1-bbl, auto. Approximately a year out of a restoration shop specializing in 6-cyl Corvettes. Authentically restored body tub, with correct light waviness and fabric weave bleed-though under correctly applied paint. All chrome has been replated to correct, non-show-quality brilliance. Non-OEM repro- duction windshield. Original dull and fading taillight lenses. New top lightly wrinkled. Original door knobs yellowing, in contrast with repro dashboard fittings. Clean, correctly detailed engine bay and undercarriage. Cond: 2-. NOT SOLD AT $180,000. Top bid was about $50k under even the most pessimistic predictions. Especially since I saw it declared sold for $247,500 at the Auburn Worldwide auction last Labor Day weekend, 2010 (CM# 166401). #F34-1958 CHEVROLET CORVETTE convertible. S/N J58S105175. Signet Red & white/red hard top/white vinyl. Odo: 14,824 miles. 327-ci 250-hp V8, 4-bbl, auto. Factory options included Powerglide, hard top, and soft top, but soft top missing now. Powered by 1968 Chevy Biscayne 250-hp 327. Good repaint, some scuffing on driver's-side front fender, perhaps from a tarp. Right rear quarterpanel slightly concave behind wheel, making Typical C1 door fit, protruding slightly. Solid Axle Corvette Club decal on windshield. Interior nearly unworn. Only non-original drivetrain component is water pump; periodcorrect extra included with car. Optional 290hp Fuelie, T10 4-speed, 3.70 Posi, and hard top only—although originally also had soft top. Cond: 2. SOLD AT $87,450. Last seen at Mecum's 2010 Bloomington Gold auction, where the seller turned down a high bid of $102k (CM# 120887). He reportedly had in mind a reserve of $200k today but dropped it at $82,500. Well bought at nearly $20k under the low estimate. #W245.1-1959 CHEVROLET COR- VETTE convertible. S/N J59S107992. Black/white vinyl soft top/red vinyl. Odo: 6,889 miles. 283-ci 245-hp V8, 2x4-bbl, 4-sp. Block decodes as base 230-hp unit, but has stock dual quad on top of it. Muncie 4-speed instead of T10. OK older repaint with plenty of body wave underneath. Typical poor C1 door fit. Older replate on bumpers and most exterior Some seam separation on replacement top. Original interior, seam separating on driver's seat, moderate carpet wear. Most brightwork worn off door panel and dashboard. Aftermarket Hurst shifter added. Dingy engine bay with economy service parts. Sits on newer radials. Cond: 3-. SOLD AT $30,210. The reserve was passed at $27,500, and bidding continued for a couple more rounds. Drive it until the body unwinds to the point of needing to restore it; just don't be surprised when you total up your receipts. #T75.1-1964 CHEVROLET COR- VETTE coupe. S/N 40837S122108. Ermine White/dark blue vinyl. Odo: 31,317 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Feels rather cobbled-together. 1966 console and wheel covers. Average repaint, sloppy masking around windows and trim. All panel gaps uneven. Windshield trim held on by Phillips screws drilled through at each corner. Original carpeting, seats, door panels, all worn. Engine stampings illegible due to multiple layers of spray Mecum Auctions Indianapolis, IN seller, and a four-time Super Chevy Award winner at Indianapolis in the years since. Better-than-factory body prep and paint. joint areas. Repaint showing some chipping on panel edges, good-sized ding on right rocker panel, older bumper rechrome, mediocre gaps. bumper stick out oddly. Dull stainless trunk spears, pitted brightwork, replated bumpers. Older seat redo looks odd in white with red door panels and dash, which was not an option in 1958. Motor recently repainted. Cond: 3+. SOLD AT $59,360. The seller knew a good number when he saw it and cut the reserve at $55k. Considering that I've seen correct original-powertrain C1s sell for less, this was sold well. Best Buy #S219.1-1958 CHEVROLET CORVETTE convertible. S/N J58S101924. Snowcrest White/white hard top/red vinyl. Odo: 482 miles. 283-ci 290-hp fuel-injected V8, 4-sp. Body-off restored in mid-'70s by previous owner, body-on re-restored in '01 by 56 Corvette Market SUMMER 2011 www.vettemarket.com trim. Interior trim quite shabby. Dashpad replaced with lesser workmanship, with some wrinkles and uneven fit. Older replacement seat and door panels are lightly worn and better installed. Engine bay clean, tidy, and rather blah. Cond: 3. SOLD AT $54,060. For a C1 in rather average condition and questionably configured, money paid was about as good as can be expected. Better sold than bought. C2 #T118-1963 CHEVROLET CORVETTE convertible. S/N 30867S106993. Daytona Blue/black vinyl/dark blue vinyl. Odo: 71,405 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Being sold by original owner. Car, however, is far from original. Body seams bubbling at several paint. Everything gloss black on chassis except for stock-style exhaust. Factory-style a/c. Cond: 3-. SOLD AT $30,740. Despite being the ever-popular “mid-year” body, '64s have fallen far enough that chrome-bumper C3s sometimes surpass them in value. This is especially true of quickie restorations like this, which '64s fall victim to with surprising regularity. #T320-1965 CHEVROLET CORVETTE coupe. S/N 194375S115387. Rally Red/black vinyl. Odo: 94,722 miles. 327-ci 365-hp V8, 4-bbl, 4-sp. Decent older repaint in original Rally Red has a few light cracks started, mostly on passenger's door. Decent gaps, even if doors feel a little loose inside. Good older correct engine detailing, aside from Sanden a/c compressor. Interior claimed original, and in


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excellent condition for its 46 years, with minor patina on seats, carpet, and chrome. Optional ertrain and Protect-O-Plate. Restored in the early '90s, awarded Bloomington Gold in 1996 plus NCRS local chapter Top Flight. Now light bubbling starting between left headlight pod and hood. Paint discoloration where it contacted reproduction weatherstripping. Older 365-hp engine, power steering, teak-rimmed steering wheel, and AM/FM. Fitted with reproduction knockoff alloys and modern a/c. Cond: 3. SOLD AT $51,940. A top-of-the-market price, considering condition and the small block, but somewhat justified by good original colors. Best Buy #W229.1-1965 CHEVROLET CORVETTE coupe. S/N 194375S100001. Silver Pearl/silver leather. Odo: 28,500 miles. 327-ci 365-hp V8, 4-bbl, 4-sp. First 1965 Corvette built, by serial number and body number. Good older repaint, some cracking at windshield base. Front wheelwell lips have some latter-day reinforcing, but body generally stock. Rattle-can re-dye of interior door panels, seats also re-dyed rather than replaced. Original carpeting water-stained. Optional 365-hp motor, 4-speed, 3.55-ratio Posi, wood rim replacement soft top showing some light soiling and yellowing. Runs out well, but deeper rumble than expected for a small block. Likenew reproduction upholstery. Optional L79 engine, sidepipes, AM/FM, and both tops. Cond: 2. SOLD AT $66,780. Once an awardwinner starts to degrade, what do you do? In this case, the answer was move it out. The reserve was lifted at $58k, and bidders chased the price like a rabbit from there, so they clearly still valued it as a nice cruiser. TOP 10 No. 5 #T232-1967 CHEVROLET CORVETTE L89 coupe. S/N 194377S113522. Marina Blue & black/blue vinyl. Odo: 34,674 miles. 427-ci 435-hp V8, 3x2-bbl, 4-sp. Said to be a “multiple NCRS Top Flight award-winner” and “Bloomington Gold certified,” but no proof shown. Good older restoration, with good body prep and repaint. Older show-quality engine masking, in generic red rather than original Rally Red. Long-term previous owner's address label stuck to passenger's window. Tidy engine bay, but not show-ready. Original interior has some moderate patina on carpet and seat bolsters, commensurate with indicated miles rather than age. Optional 390-horse big block, 4-speed, power brakes, and two black vinyl tops: one folding, one fixed. Cond: 3. SOLD AT $65,720. Long-term ownership of this big-block coupe certainly helped achieve a price that was market correct, or perhaps slightly low. Good original colors and the rarely seen vinyl-covered hard top didn't hurt, either. A good buy, but not an instant investment piece. #F211-1967 CHEVROLET CORVETTE L88 replica convertible. S/N 194677S102390. White & red/white vinyl soft top/red vinyl. Odo: 1,297 miles. 427-ci 430-hp V8, 4-bbl, 4-sp. One of the original 13 Tangier Shriner COPO Corvette Patrol cars from Omaha, NE. Ermine White with blue interior and small block when new. Some time later, “dealer-upgraded” to L88 specs, with the numbers “restored” to match, courtesy of a punch set. Orange peel and bubbles in paint between headlight pods and hood. Delam and yellowing in door glass. Light discoloration of repop seat upholstery, but shows no wear. Near show- steering wheel, AM/FM, off-road exhaust, leather, power brakes, and Comfort and Convenience group. Wearing original knockoffs. Cond: 3. SOLD AT $69,960. Not only was this the first unit sequence number for the 1965 model year, it was also the first coupe body fabricated at the St. Louis assembly plant for ‘65, with a body number of S1. That alone should have given it a bump of at least ten percent, but there was no sign of any effect today. Well bought. #T208-1967 CHEVROLET CORVETTE convertible. S/N 194677S121237. Lynndale Blue & black/blue hard top & white vinyl soft top/teal blue vinyl. Odo: 63,067 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Retains original pow- bay detailing. No wear on older reproduction interior soft trim, carpet lightly soiled. Doorsill weatherseal glue somewhat sloppily applied, as per factory, but glue is modern black rather than original yellow. Equipped with optional L89 engine, 4.11 ratio Posi, headrests, AM/FM radio, and alloy wheels. Cond: 2. SOLD AT $124,020. Signs of life for aluminum cylinderhead L89s, if this indicates any sort of trend for the sixteen cars that came with them from new. See C2 profile p. 26. #F247-1967 CHEVROLET CORVETTE convertible. S/N 194677S108824. Rally Red & black/black vinyl/black vinyl. Odo: 28,175 miles. 427-ci 390-hp V8, 4-bbl, 4-sp. Mileage believed actual. Older repaint with lackluster quality engine bay and undercarriage. Cond: 2-. SOLD AT $98,050. Not sold for $100,000 at Kruse's 1998 Scottsdale sale (CM# 21002); not sold for $200,000 at the October 2005 Branson sale (CM# 39603); sold for $176,000 at Barrett-Jackson's 2009 Scottscale sale (CM# 119121). Since then, Shriner artwork was removed from the door, which in my mind at least moved it into the realm of a fakey-doo rather than a period creation. With the reserve off at $92k, the consignor must've needed to move it out, regardless of loss. Want a good car story? Check out B.S. Levy's “The Last Open Road” instead. C3 #T192-1968 CHEVROLET CORVETTE coupe. S/N 194378S418208. Silverstone Silver/black vinyl. Odo: 44,491 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Believed generally original and showing actual miles. Original paint polished through on several body creases and on top of driver's door, where original owner evidently liked to grab. Wavy door glass seals, delaminating windshield, warped and cracked grille. Lightly worn factory www.vettemarket.com SUMMER 2011 Corvette Market 57


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Market Report Mecum Auctions Indianapolis, IN interior has faint old car smell. Original engine bay, surface corrosion on most components. Older aftermarket chambered exhaust. On older radial tires. Minimal options: 4-speed, AM/FM, tinted glass, and wheel covers. Cond: 4+. NOT SOLD AT $17,000. Original is one thing, ratty is another; this example teetered precariously between preservation class and desperately needing a restoration. Other than that originality, there was pretty much nothing to justify pricing beyond retail. Price bid should have been enough. #S134-1969 CHEVROLET CORVETTE L88 coupe. S/N 194379S721608. Fathom Green/Saddle vinyl. Odo: 58,755 miles. 427-ci 430-hp V8, 4-bbl, 4-sp. Equipped with L88, power brakes, F41 suspension, and sidepipes. Bloomington Gold-certified in 1995 after restoration by the Nabers brothers, pretty much nothing done to it since. Repainted and rechromed slightly better TOP 10 No. 2 pad missing. Older engine repaint, lots of nonOEM service parts. Equipped with optional big block, 4-speed, power brakes and steering, alarm, and AM/FM radio, which is sitting on floor, replaced by a CD player. Cond: 3+. SOLD AT $18,550. Last seen at Mecum's 2010 Bloomington Gold auction, where it was a $16,000 no-sale (CM# 165062). A year later, it was about high time to move it out, and the seller dropped the reserve at a get-it-gone $15,500. interior décor group. Cond: 2. SOLD AT $79,500. The Interior décor package included leather seats, woodgrain accents, and heavier pile carpeting. Not exactly in character with the engine, but without power brakes or steering, it was the one option box that could be checked off with the LT-1. The reserve was lifted at the end of bidding. Fairly bought and sold, but too bad it can't be driven without hurting the value. #F30-1972 CHEVROLET CORVETTE coupe. S/N 1Z37K2S514715. Ontario Orange/Saddle leather. Odo: 56,323 miles. 350-ci 200-hp V8, 4-bbl, auto. Better-thanfactory repaint, aside from some masking lines in door jambs. Passenger's door fit way off. All brightwork lightly pitted. Good original redyed door panels and dashpad, newer repop carpeting. '80s Alpine AM/FM/tape deck. Originally had leather seating as part of inte- #S90.1-1975 CHEVROLET CORVETTE convertible. S/N 1Z67J5S435199. White/white hard top & soft top/red leather. Odo: 2,789 miles. 350-ci 165-hp V8, 4-bbl, auto. Extensively documented as the last 1975 Corvette convertible built. Ordered new by Bob Kaiser Chevrolet of St. Louis, loaded with all options, and displayed at dealership for years afterward. Retains all documentation, including copy of MSO, as it was titled last year for the first time ever. Generally well preserved. Door handle flappers lightly pitted. Recent engine cleanup, although rest of bay not quite at show standard. Newer stock ex- than factory. Original interior door seals aging. Excellent interior, mostly original and re-dyed. Older engine bay cleanup, but not detailed. Better detailing on undercarriage, with only a couple puddle splashes. Offered at no reserve from the Paul Dehnert Estate Collection. Cond: 2-. SOLD AT $222,600. The few public offerings of '69 L88s have generally been in the quarter-million dollar zone, generally bid north of that at auction. At no reserve, we can call this market-correct. #T240.1-1970 CHEVROLET VETTE LT-1 CORcoupe. S/N 194370S405178. Monza Red/black leather. Odo: 152 miles. 350-ci 370-hp V8, 4-bbl, 4-sp. 152 documented miles. Earned NCRS Top Flight in June 2002. Claimed all-original, and if so, stunningly well maintained. Masking line detected around “Body by Fisher” tag. Light patina and old car smell confirms circa-1970 interior. Does show new paint in engine bay, with fresh gasket sealer oozing onto it. Yellowing 41-year-old washer fluid and overflow tanks. Equipped with optional LT-1, M21 4-speed, transistorized ignition, 4.11 Positraction, AM/FM, and 58 Corvette Market SUMMER 2011 www.vettemarket.com rior décor group, now replaced with kit vinyl seats. Modern stitched leather steering wheel rim cover. Factory a/c car, but compressor and lines missing. Aftermarket chrome bits added under the hood. Cond: 3+. SOLD AT $18,020. Considering the major parts swapping on this driver, winning bid was all the money in the world. Sold very well. #T149-1974 CHEVROLET CORVETTE coupe. S/N 1Z37Z4S408148. Red/black vinyl. Odo: 69,090 miles. 454-ci 270-hp V8, 4-bbl, 4-sp. Superb repaint, relatively close to original Mille Miglia Red. Stock door gaps and fit. Window seals starting to crumble from sunburn. Older replacement interior upholstery, carpets and seats worn and faded. Clutch pedal haust system. Seat bottom leather lightly wrinkled. Cond: 2. NOT SOLD AT $67,000. Featured at the National Corvette Museum, in the 2003 Bloomington Gold Special Collection, and in a 1987 suit filed against GM, when the C4 convertible went into production in 1986, as they had declared this car in 1975 to be the last Corvette convertible ever. As a singular piece of Corvette history, the value will always be based on what someone is willing to pay for it and what the owner will accept. Today, the value is somewhere between this bid and the $115k reserve. #T162-1981 CHEVROLET CORVETTE coupe. S/N 1G1AY8760B5108428. Silver & charcoal/charcoal leather. Odo: 51,504 miles. 350-ci 190-hp V8, 4-bbl, auto. Claimed to be essentially original and showing actual miles.


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Market Report Mecum Auctions Indianapolis, IN Original paint has some wear and buff-through in places. Touch-ups on doors. Original interior, with moderate seat wear and heavier carpet fading. Tidy but unremarkable under the hood. Newer matte black undercarriage and rattle-can silver on stock—if not original—exhaust system. Optional two-tone paint, tinted roof panels, power door locks, leather, AM/ FM/cassette, and alloy wheels. Cond: 3-. SOLD AT $10,000. A decent—but not great— original car. With the reserve lifted at $9,250, it sold as well as about anyone expected, including the seller. #U49-1982 CHEVROLET CORVETTE coupe. S/N 1G1AY8785C5118097. Fly Yellow/blue leather. Odo: 23,783 miles. 350-ci 205-hp fuel-injected V8, auto. Every single body panel has been either swapped out, modified, or added onto with more fiberglass. Gaps are all over the place, panels quite wavy. Ohso-'80s Dodge “Daytona” badges stuck on rocker panels beneath doors. Originally left Bowling Green with two-tone blue paint, which explains dark blue leather interior, in masked-off repaint. Door and window weatherseals starting to split from sun exposure. Half of rear emblem insert broken off. Older replacement windshield. Kit seats. Aftermarket economy cat-back single-outlet dual-glasspack exhaust. Heavier wear on older replacement tires. Optional dual power leather seats. Cond: 3. NOT SOLD AT $7,500. The dash plaque confirmed that this was an Indy 500 Pace Car Edition, but then again, every single 1986 convertible was an Indy 500 Pace Car Edition. The seller expected $10k or more, but high bid was in line with reality. #S140-1994 CHEVROLET CORVETTE ZR-1 coupe. S/N 1G1YZ22J3R5800326. Torch Red/black leather. Odo: 8,154 miles. 350-ci 405-hp fuel-injected V8, 6-sp. 8k actual miles. Completely original apart from fluids and new AC Delco battery. Like-new 17-yearold paint, with few faint traces of factory orange peel pretty much buffed away. 2005 Pennsylvania inspection stickers on wind- shield. Still has traces of mold release on door glass seals. Heavier seat wrinkling than expected, but no other significant interior wear. Moderate interior wear. Engine bay topically cleaned up. Offered at no reserve from the Paul Dehnert Estate Collection. Cond: 3+. SOLD AT $37,630. As it sold for exactly the same price as lot S140, the bone-stock 8,000-mile matching ZR-1 from the same collection, we can now officially say that a tuner-modified C4s is not worth more than a low-mile bone stocker. At best, the two should keep pace. #S138-1995 CHEVROLET CORVETTE ZR-1 Lingenfelter Twin Turbo coupe. S/N 1G1YZ22J8S5800084. Red/tan leather. Odo: 30,593 miles. 368-ci 850-hp turbocharged V8, auto. Converted to twin turbo with automatic. Serviceable original paint with a few gravel chips acquired at high speed. Grungy front chin spoiler. Full polished stainless steel exhaust system. 2006 Texas inspection sticker on windshield. Stock interior moderately worn; fitted with set of red four-point harnesses decent shape. Said repaint was done well enough, has moderate overspray on chassis. Door scoops not cut out, just painted black. Optional tinted roof panels and AM/FM/cassette. Cond: 3. SOLD AT $15,900. “Low mileage - Lady driven - Car speaks for itself,” claimed one description, and a windshield sticker said “Protected by The Club.” Well, it certainly got multiple direct hits from the proverbial ugly stick. Somewhere under all that fiberglass was a 23,783-mile C3 dying to escape. The outrageous price paid suggests someone wanted it just the way it was. C4 #T132-1986 CHEVROLET CORVETTE Indy 500 Pace Car Edition convertible. S/N 1G1YY6784G5905700. Red/black cloth/red leather. Odo: 112,397 miles. 350-ci 230-hp fuel-injected V8, auto. Expertly applied, well Engine bay ready for inspection at Bloomington Gold, undercarriage nearly as good. Equipped with both types of roof panels. Cond: 2. SOLD AT $37,630. Considering that finding a C4 ZR-1 with less than 10k miles is not a hard thing to do, this sold at the higher end of retail pricing. Still, it was a good deal for all involved—and a better place to park $37,630 for a long-term investment than a modified example. #S139-1994 CHEVROLET CORVETTE ZR-1 Lingenfelter coupe. V8, 6-sp. Lingenfelter S/N 1G1YZ22J8R5800046. Torch Red/black leather. Odo: 30,593 miles. 415-ci 650-hp fuelinjected bored-and -stroked LT5, with 6-piston Brembo brakes, among other tweaks. Serviceable original paint shows a few rock chips. Contrasting black Samco cold air intake duct in place of stock front license plate mount. Lexan rear window. Multi-piece roll bar with chrome fire extinguisher and four-point Momo harnesses. neatly tucked into seats and rear roll cage with camera-mount bar. Engine bay cleaned up. Offered at no reserve from the Paul Dehnert Estate Collection. Cond: 3+. SOLD AT $45,050. One of four Lingenfelter twin turbos built. The automatic tied to the 4-cam engine may seem blasphemous to some, but Dehnert ran this one to over 190 mph in the Texas Mile. It was the top seller of his three C4 ZR-1s on offer—fittingly, since it's doubtful that anybody will ever build one that's more powerful. C5 #W205-2004 CHEVROLET COR- VETTE Le Mans Commemorative Edition convertible. S/N 1G1YY32G445118416. LeMans Blue/Shale cloth soft top/Shale leather. Odo: 22,057 miles. 5.7-L 350-hp fuelinjected V8, 6-sp. Like-new paint, top, and engine bay. 22,057 miles since new, but less than 50% of tread left on original Goodyear 60 Corvette Market SUMMER 2011 www.vettemarket.com


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EMTs. More wear and soiling on heel pad and E-brake handle than expected, especially since rest of interior is like new. 6-speed, Z51 suspension, and 12-disc CD are additional options beyond Commemorative Edition package. Sold new by Oliverio Chevrolet/Buick of McDonald, PA, per crumpled and re-flattened original window sticker. Cond: 2-. SOLD AT $29,150. Since I also own a Commemorative Edition with the Performance Handling Package, I can attest that this was the C5's best-kept secret. Even being used to the marshmallow suspension of my 1978 Lincoln, I find a C5 with Z51 is a very pleasant riding car, yet it handles like it's on rails, and doesn't have the added weight of additional electrical components that will just eventually go wonky (like the Magnetic Selective Ride Control). A good deal for both the buyer and the seller, a couple of bids past the $27k reserve. C6 #S166-2009 CHEVROLET CORVETTE ZR1 Lingenfelter coupe. 1G1YR26R795800006. Cyber S/N Gray/carbon fiber/Ebony & Cashmere leather. Odo: 11,570 miles. 6.2L 638-hp supercharged V8, 6-sp. Factory optional navigation system and 3ZR equipment package. In addition to Lingenfelter engine tweaks, also has cat-back Corsa exhaust system. 2009 Hot Rod Power Tour sponsor decal on windshield. Well kept original paint and interior both present as better than new. Clean and tidy under the hood and under the body. Cond: 2-. SOLD AT $74,200. This was the sixth C6 ZR1 built, per the unit sequence number. With its tweaks, the car topped out at 185.9 mph in the 2010 Texas Mile. Thing is that the new ZR1 is so well set up out of the box that there really isn't much else left to do. Too bad that the mods didn't pay for depreciation. If anything, they hurt the value in this case, as a bone-stock example will run at least this much. See C6 profile p. 34. ■ www.vettemarket.com SUMMER 2011 Corvette Market 61


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Market Report Barrett-Jackson Orange County, CA 2nd Annual Orange County Collector Car Auction Barrett-Jackson was wise to bring their huge Scottsdale tent to Orange County, as 60,000 people went through the turnstiles over the three-day event Company Barrett-Jackson Date June 24–26, 2011 Location Costa Mesa, CA Auctioneers Assiter & Associates. Tom “Spanky”Assiter, lead auctioneer Overall lots sold/offered 330/338 Total sales rate 98% Sales total $13,421,895 Corvettes sold/offered 23/24 Corvette sales total $1,022,450 Corvette high sale 1958 Corvette 283/270 convertible—$99,000 Report and photos by Carl Bomstead Market opinions in italics their huge Scottsdale tent, as 60,000 people went through the turnstiles to view and bid on the cars, see the displays, and to buy various offered products over three days. In the words of the PR folks, it was a lifestyle experience. Looking at the numbers, the final total of $13.4m was down from the inaugural T event last year by a touch over $2m, but 67 fewer cars were offered. Of the total, 24 were Corvettes, and all but one found new homes. The top Corvette was a 1969 L89 convertible finished in Riverside Gold. It was hammered sold for $121,000 including the buyer's premium. It was said to be one of only 390 produced with the potent 427/435 aluminum head V8, which was mated to a M22 4-speed. It was one of only 4,355 '69s ordered with side exhaust, and it was well documented with the original tank sticker, invoice, and finance contract. Considering the documentation, condition and rarity, I certainly had no issue with the price paid. I have a soft spot for '58s, so I was impressed with the 293/270 that sold for $99,000. It was one of just 978 examples fitted with the dual-four 270-horsepower V8 from the factory, and was finished in Signet Red with white coves. A well-presented '67 coupe from the Dave's Garage Collection sold for an out-the-door price of $52,800, and the SPEED announcers pronounced it “well bought.” I would have agreed if it were not for the big-block hood on a Corvette powered by a 327/350 power 62 Corvette Market SUMMER 2011 www.corvettemarket.com his year's Orange County sale, held in late June, was Barrett-Jackson's second collector car auction in Southern California. The Orange County Fair and Event Center was again the backdrop for this event, offering adequate parking and all the necessary facilities. In addition, Barrett-Jackson also was wise in bringing 1969 Corvette 427/435 convertible, sold at: $121,000 Buyer's premium 10% (included in sold prices) plant. That could easily be corrected if an NCRS or Bloomington award is in your sights, but it took away from an otherwise well-presented coupe. If you were bargain hunting, then the '76 coupe Barrett-Jackson Corvette Totals $1.75m $1.5m $1.25m $1m $750k $500k $250k 0 that sold for only $11,000 was for you. It was finished in Orange Flame, and the original 350-ci engine had been replaced with a 406-ci V8 stroker, although it still retained its original factory 4-speed manual. Yeah, it needed some work, but the price was right for what was essentially a great cruiser. One aspect of Barrett-Jackson that does not receive enough attention is the number of charitable offerings that cross the block at each of the company's events. Close to a million dollars was raised at OC this year for various causes, and the winning bidders wrote their checks directly to the benefiting organizations with no fees or commissions to Barrett-Jackson. For that, all are to be commended. The Barrett-Jackson Orange County event is not yet close to the magnitude of some of the company's other more established events, but B-J is sure working hard to expand it, and the Corvettes presented here offered an interesting variety with broad appeal. ■ 2010 2011


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Market Report C1 #367.2-1958 CHEVROLET CORVETTE convertible. S/N J58S103345. Signet Red/white vinyl/red vinyl. Odo: 22,368 miles. 283-ci 270-hp V8, 2x4-bbl, 4-sp. Respray in the right color, but large blemish on trunk. Steering wheel hub pitted. 4-speed manual was ordered on a third of the cars. First year for Barrett-Jackson Orange County, CA restoration of flood-damaged Corvette. Bonding strips visible. Windshield scratched. Headlight trim fit off. Drivetrain rebuilt, as I factory-installed seat belts. Cond: 2+. SOLD AT $99,000. The ‘58 Corvette was redesigned with new interior, body panels, and instrumentation. Production was a third again as much as prior year. For a non-fuelie ‘58, this was strong money. I'd feel better about the amount paid if there was a hard top included with the package. #339-1961 CHEVROLET CORVETTE convertible. S/N 10867S100469. Roman Red/white vinyl/red vinyl. Odo: 1,324 miles. 283-ci 245-hp V8, 2x4-bbl, 4-sp. Restored a few years back to high standard. Very good panel gaps. Trim properly fitted on top of headlamps, which is usually an issue. Replacement vinyl interior well done. Front bumper slightly canted. Engine clean, but incorrect hose clamps doubt it was functional after being submerged in water. Equipped with T10 manual transmission. Sold on salvage title. Cond: 2-. SOLD AT $38,500. The salvage title, which was prominently noted in the catalog, makes for about a 25% hit. In this case it was more than that, as this would be a $60,000 Corvette if all was in order. Problem will be down the road if someone attempts to clear the title. Show me the CARFAX, or better yet, the CM Plus database. C2 #373-1965 CHEVROLET CORVETTE coupe. S/N 194375S100006. Milano Maroon/maroon vinyl. Odo: 78,814 miles. 327-ci 300-hp V8, 4-bbl, auto. Professional frame-off restoration. Panel fit exceeds factory spec. Buffer marks on trim. Engine clean with no overspray. Powerglide not everyone's first choice. The sixth Corvette off the line in able teakwood wheel with telescoping steering column; power windows and factory AM/FM radio. On aftermarket aluminum knockoffs. Cond: 2+. SOLD AT $82,500. Size does matter, and the bigger the block, the bigger the bucks. Throw in a few desirable options, such as power widows and the steering wheel, and we are at a market-correct price. Solid transaction for both buyer and seller. in place. Original dual quads. Very attractive Corvette. Cond: 2+. SOLD AT $78,100. Last seen at Mecum's 2006 Kansas City Spring Classic sale, where it was a no-sale at $60,000 (CM# 41578). Only driven a couple hundred miles since. Have to say this was wisely acquired, as it had the right motor and colors, and the restoration was still showing well. As such it could have brought another $5k–$10k without question. Well bought and sold. #62-1962 CHEVROLET CORVETTE convertible. S/N 20867S109770. Roman Red/black vinyl/black vinyl. Odo: 66,903 miles. 327-ci 340-hp V8, 4-bbl, 4-sp. Recent 64 Corvette Market SUMMER 2011 www.corvettemarket.com 1965—a pilot car and not offered for public sale, documented by NCRS. Cond: 2+. SOLD AT $50,600. A number of desirable and valuable options were not ordered on this L75 Corvette—the Powerglide is about a $5,000 hit. All in all, price paid was about right for a rather bland Corvette, though the new owner can impress someone with the 6th-car-produced story. #373.1-1966 CHEVROLET CORVETTE convertible. S/N 194676S115636. Mosport Green/black vinyl/black vinyl. Odo: 90,021 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. A 26-year-old respray that is showing its age. #336-1966 CHEVROLET CORVETTE convertible. S/N 194676S121481. Mosport Green/black vinyl/black leather. Odo: 38,509 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. An at- Paint checking on hood, scar on right rear fender. Big-block hood added. Original black vinyl interior in acceptable condition. Lacking many of the desirable options but does have power windows and brakes. Wears reproduction knockoffs and sidepipes. Cond: 3. SOLD AT $41,800. Middle-of-the-road money for a middle-of-the-road L79 convertible. At the price paid, use and enjoy, and at some point opt for a respray. No harm done here. #366-1966 CHEVROLET CORVETTE coupe. S/N 194376S123676. Rally Red/black vinyl. Odo: 55,496 miles. 427-ci 425-hp V8, 4-bbl, 4-sp. Strong example of a '66 big block, with photo documentation of restoration work. Equipped with L72 V8 that was a $312 option and Muncie close-ratio manual 4-speed; desir


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Market Report Barrett-Jackson Orange County, CA tractive base-level 327/300 convertible, excellent panel fit, older lacquer respray has lost a lot of its luster. Options including leather seats and power windows, brakes, and steering. Teak wheel. Aftermarket a/c, modern stereo with iPod attachment. Original resto-mod Corvette is your thing, then this was the answer. Buy it finished, and let the other guy take the hit. Only problem is that it has been to all the dances, so just use and enjoy. radio included. Cond: 3. SOLD AT $46,200. This had a number of desirable options, but at the end of the day, a number-three car for a number-three price. All's well that ends well, so now just spend a bit on a respray and you'll have something. #338.2-1967 CHEVROLET CORVETTE coupe. S/N 194377S104318. Ermine White/red vinyl. Odo: 35,072 327-ci 350-hp V8, 4-bbl, 4-sp. Recent restoration to a high standard. Respray with no issues noted. Panel fit to factory spec. Well fitted interior. Factory a/c with side exhaust. Big-block hood added with C3 #375.1-1972 CHEVROLET CORVETTE LT-1 convertible. S/N 1Z67L2S524746. Ontario Orange/black vinyl/black leather. Odo: 84,662 miles. 350-ci 255-hp V8, 4-bbl, 4-sp. Acceptable panel fit, resprayed to high standard. Lacking a/c, but was a Portland car where it seldom is needed. Equipped with original #38.1-1982 CHEVROLET CORVETTE coupe. S/N 1G1AY878XC5115129. Silver Blue/blue vinyl. Odo: 67,059 miles. 350-ci 200-hp fuel-injected V8, auto. Paint well presented. First year for the Cross Fire V8 with fuel injection as a standard offering. This was the only engine offered in 82. Equipped with factory a/c, aluminum wheels, tilt wheel, T-tops, power windows, and power seats. Retains original smog pump. The last of the C3s. Cond: 3+. SOLD AT $12,650. These have a reputation of being fat and under-powered, which helps explain the low price. In truth, they are a much better Corvette than many think. A sleeper, and the buyer here may just have the last laugh. painted stinger. On repop alloy wheels. From Dave's Garage Collection. Cond: 2. SOLD AT $52,800. Described as well bought by Speed Channel on-air announcers, and I would have to agree, as a decent L79 coupe should be closer to $65k. The NCRS boys would have an issue with that hood, however. #390-1967 CHEVROLET CORVETTE custom convertible. S/N 194677S100626. Purple/black Haartz cloth/black leather. Odo: 5,813 miles. 502-ci fuel-injected V8, 5-sp. Built at a documented cost of over $150,000. More than 40 first place awards, including World of Wheels in Phoenix. ZZ 502 crate motor with Tremec manual transmission and M21 close-ratio 4-speed manual and Posi rear end, plus trunk rack and both tops. Ontario Orange was the most popular Corvette color in 1972. One of 1,741 LT1s produced that year. Cond: 2+. SOLD AT $38,500. This car's color was not to everyone's taste, but it was very popular in its time. For an LT-1 convertible restored to this level, a spot-on price paid. See C3 profile p. 28. #76.1-1976 CHEVROLET CORVETTE custom coupe. S/N 1Z37L6S418760. Candy Apple Red/gray leather. Odo: 20,259 miles. 350-ci turbocharged V8, auto. Six-time national ISCA winner. Well maintained, but may have lost its show-ready edge. Custom Candy Apple Red livery, unique leather interior. Heavily modified with custom side panels and C4 #43-1993 CHEVROLET CORVETTE convertible. S/N 1G1YY33P3P5106969. Ruby Red/Ruby Red vinyl/burgundy leather. Odo: 39,826 miles. 5.7-L 300-hp fuel-injected V8, auto. Low miles stated to be accurate, and no reason to doubt. Well maintained with minor chip on nose. Complete with books and records. 1993 Corvette was first GM car to feature keyless entry. RPO Z25, the 40th Positraction rear end. Powdercoated chassis and aluminum radiator. Engine bay spotless and full of bling. Pro Comp gauges. Nothing to fault here. Cond: 1-. SOLD AT $84,700. If a hood. 350 with nitrous under the hood and full chrome dress-up. Cond: 2+. SOLD AT $16,500. An excellent example of how to lose a bunch of money modifying a Corvette—the seller must've had a ton in this with all the mods. Well bought if this was your thing, but it's been to all the dances, so just drive and enjoy. Anniversary package, included Ruby Red interior and exterior, as wall as special trim. Cond: 2. SOLD AT $15,400. Too new to be collectible and too old to be much more than a used car. Thus, the price paid. The new owner will have, however, the full Corvette experience for not a lot of money. Maintain in present condition and cost of ownership will be close to zero. ■ 66 Corvette Market SUMMER 2011 www.corvettemarket.com


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Market Report S C1 TOP 10 No. 10 #139-1957 CHEVROLET CORVETTE convertible. S/N E57S103196. Black/black vinyl/red vinyl. Odo: 76,524 miles. 283-ci 283-hp fuelinjected V8, 4-sp. Nicely and thoroughly restored. Light swirl marks evident in paint. Whitewalls have yellowed. Clean interior. Has GM part number on radiator hoses. Finish on hood latches typical of original factory production. Fluid down both sides of master cylinder, Global Roundup Corvettes across the block 35 Corvettes Total $1m at Eight Auctions ummer is sports car season, and at auctions across the globe, bidders looking for a classic cruiser or modern tire-smoker have had a ton of Corvettes to choose from. While serious collectors continue to pay up for numbers-matching survivors and correctly restored originals regardless of season, dealers know that it's the perfect time of year to flip a resale red convertible. From April to July, our auction reporters were out in the trenches, evaluating cars, watching them cross the block, and identifying market trends in real time. That's what we do in every issue of CM. Auctions Covered This Issue: Auctions America by RM, Auburn, IN, 4/30/2011—Kevin Coakley MidAmerica Auctions, St. Paul, MN, 5/13/2011—B. Mitchell Carlson Silver Auctions, Puyallup, WA, 5/14/2011—Jack Tockston Bonhams, Monte Carlo, MCO, 5/20/2011—Paul Hardiman Bonhams & Butterfields, Portland, 6/11/2011—Chad Tyson & Jim Pickering VanDerBrinck Auctions, Adams, ND, 6/11/2011—B. Mitchell Carlson Mecum Auctions, St. Paul, MN, 6/17/2011—B. Mitchell Carlson Market opinions in italics #506-1958 CHEVROLET CORVETTE convertible. S/N J585106158. Signet Red & Snow Crest White/black cloth/black SOLD AT $65,520. This car had had some work done. Both doors were previously red, but I could find no other evidence of color change anywhere else. The driver's area was among the dirtiest of anything at the auction, suggesting the odometer may have rolled over, or perhaps a previous owner just enjoyed driving in gardening boots. There were plenty of opportunities for improvement, but given that it had the high-horsepower carbureted engine, I'd call it even money. Bonhams & Butterfields, Portland, OR, 06/11. vinyl. Odo: 90,343 miles. 283-ci 230-hp V8, 4-bbl, 4-sp. Cove paint cracked and chipped. Lots of fiberglass cracking under paint. Overspray on door weatherstrips. Driver's door out at bottom. Crazed chrome trim. Top doesn't fit well to body. Good interior with factory tach. #147-1959 CHEVROLET CORVETTE convertible. S/N J59S103459. Red/white vinyl/red & white vinyl. Odo: 92,005 miles. 283-ci 270-hp V8, 2x4-bbl, auto. An older restoration. Some dings and scratches in paint, light pitting and small scratches in chrome. Yellowing whitewalls. Aftermarket StewartWarner tach in original location. Two-tone seats. Dash grab-handle has wrinkled vinyl on Carpet dirty and worn at driver's feet. Driver's seat shows wear. Hurst shifter boot. Cond: 2-. fuel staining on bottom of injection unit and manifold. No power steering, no power brakes. Cond: 2+. SOLD AT $99,450. The high sale of the auction, this was given prime real estate next to the auctioneer's podium, and it had constant traffic around it. Fuelies rightfully get the majority of attention among ‘57 ‘Vettes, and this was a prime example. Bought fairly well, considering its rarity. Bonhams & Butterfields, Portland, OR, 06/11. 68 Corvette Market SUMMER 2011 www.corvettemarket.com Clean engine bay. Cond: 3-. NOT SOLD AT $47,000. Pretty much a 53-year-old used car, a nice ten-footer you wouldn't be embarrassed to be seen in around town. Nothing out of the ordinary to put it in the big money, the high bid should have been enough to get it done, just shy of the low estimate by $3k. Auctions America by RM, Auburn, IN, 05/11. #144-1959 CHEVROLET CORVETTE convertible. S/N J59S103636. Blue/white vinyl/blue vinyl. Odo: 24,267 miles. 283-ci 270-hp V8, 2x4-bbl, 4-sp. Orange peel in paint, but otherwise decent condition. Doors show red paint underneath current blue hue. Gaps better than expected. Newer windshield seal. left side, perhaps from driver taking corners faster than anticipated by passenger. Paint chipped on steering column. Cond: 3+. SOLD AT $46,800. The “new wide whitewalls” described in the catalog looked more like lemonwalls to me. Considering the condition and lack of documentation, I'll call it bought about right. Bonhams & Butterfields, Portland, OR, 06/11. #128-1960 CHEVROLET CORVETTE convertible. S/N 00867S109204. Roman Red & white/white vinyl/red vinyl. Odo: 1,328 miles. 283-ci 230-hp V8, 4-bbl, 4-sp. Full frame-off restoration, including rebuilt engine, carb, tranny, diff, brakes, and suspension. High-quality paint and clearcoat over betterthan-stock body prep. Modern OEM windshield wears Bloomington Gold and NCRS decals. Minimal wear on reproduction interior


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Market Report Global Roundup Corvettes across the block soft trim. Highly and authentically detailed engine bay and undercarriage. Equipped with Wonderbar radio. Earned NCRS Top Flight in 2009, Bloomington Gold certification in 2010, Triple Crown winner and Chevyfest/Vettefest Gold Spinner award in 2011. Cond: 1-. NOT SOLD AT $71,000. With an $88k reserve and a rather unsettled market for C1s—even award-winning restorations—this was a oneway ticket to no-sale. Consignor may have to sit on it for a while and wait for the market to catch up with the price of his investment. MidAmerica, St. Paul, MN, 05/11. #160-1960 CHEVROLET CORVETTE convertible. S/N 00867F104483. Silver & white/gray vinyl. 283-ci 230-hp V8, 4-bbl, auto. Good appearance and quite appealing. Paint and most trim good, one chip in leading edge of hood, some of front chrome a bit cloudy. H4 headlights. Has one split in proba- was a large file detailing restoration work, but that didn't really matter since, as it sat today, it just needed to be restored again. The body would need repairs and a repaint to bring it up to driver condition. With a base engine, Powerglide, and no power steering or power brakes, this was very well sold at $10k above the low estimate. Bonhams & Butterfields, Portland, OR, 06/11. #149-1960 CHEVROLET CORVETTE convertible. S/N 00867S107226. Roman Red & white/white vinyl/red vinyl. Odo: 80,011 miles. 283-ci 230-hp V8, 4-bbl, auto. Paint smooth and well done, but shows some scuffs and chips here and there, as well as consistent orange peel throughout. Some light marks in chrome, panel gaps appear factory, meaning inconsistent. Nice older interior with some at-all-surprised. At least this one had an appealing color combo. The miles were probably quite genuine, with few added since restoration. Fair price for a fair car. Bonhams & Butterfields, Portland, OR, 06/11. #166-1962 CHEVROLET CORVETTE convertible. S/N 20867S110892. Red/red hard top & tan cloth soft top/tan leather. Odo: 10,134 miles. 350-ci fuel-injected V8, 4-sp. Heavily customized, with late-model 350 and Ram Jet fuel injection system. Excellent body prep and paint. All replated chrome, professionally buffed out trim, door top trim heavily scuffed. Non-OEM replacement windshield. Non-stock leather upholstery, with C5 logo embroidered onto seatbacks. Smaller diameter stock-style leather-rimmed bly original passenger seat. NCRS sticker in window. Cond: 3+. NOT SOLD AT $49,000. This base-engined 1960 ‘Vette was bought in France in 1990 and is still French registered. Bidding stopped with a $49k phone bid against a needed $71k–$100k. Would've been market money in the U.S. Bonhams, Monte Carlo, MCO, 05/11. #148-1960 CHEVROLET CORVETTE convertible. S/N 00867S103263. Honduras Red/white vinyl/black vinyl. Odo: 6,306 miles. 283-ci 230-hp V8, 4-bbl, auto. Gouge in driver's door, star crack in middle of hood, sanding scratches, too. Sub-surface issue on driver's fender. Chrome needs to be cleaned, Corvette emblem falling into trunk. Windshield seal cracked all the way around. Light wear on seats. Carpet is original, or at least old. Whitewalls yellowing. Cond: 4+. SOLD AT $38,610. Mentioned in the catalog description 70 Corvette Market SUMMER 2011 www.corvettemarket.com marks from tonneau cover. Engine compartment looks correct for a 230-hp car, with proper air cleaner and ignition shielding in place. Cond: 2+. SOLD AT $49,140. This car had good curb appeal, but how excited can you get over a base-level Corvette with an automatic transmission, even if it is in the best color combination? This looked like an older restoration that had held up pretty well, but it was still just a really nice driver. Market price for condition and options. Bonhams & Butterfields, Portland, OR, 06/11. #150-1960 CHEVROLET CORVETTE convertible. S/N 00867S101120. Horizon Blue & white/white vinyl/blue vinyl. Odo: 86,207 miles. 283-ci 230-hp V8, 4-bbl, auto. Paint in decent form, better than a driver. Chrome good. Trunk could use slight fit adjustment. Newer windshield seal. Exhaust outlets not sooted, whitewalls not yellowed. Gauge faces clear, though tach looks much older than others. Aftermarket stereo. Chip in steering wheel. No power brakes. Cond: 2-. SOLD AT $53,820. Another base engine, automatic Corvette in Wally's collection. Color me not- steering wheel. Light road dust on undercarriage, with moderate paint chipping and light surface rust on the chassis. Cond: 2. NOT SOLD AT $49,000. My comments regarding lot 128—the 1960 Corvette convertible with an $88k reserve— equally apply to this car. Actually, they are more relevant here, since modified C1s are even more of a wild card. Quality workmanship, but the $80k reserve will be hard to get. MidAmerica, St. Paul, MN, 05/11. #154-1962 CHEVROLET CORVETTE convertible. S/N 20867S100504. Rally Red/black canvas/gray vinyl & red & black paint. Odo: 5,606 miles. 327-ci 340-hp V8, 4-bbl, 4-sp. Looks like car cover scuffs all around, chip on driver's door edge and on hard


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Market Report Global Roundup Corvettes across the block tonneau cover. Paint reaction around top fastener on passenger's side. Mixed-bag interior, with gray vinyl seats and carpet, and red and black paint on dash. Driver's seat shows wear. Cond: 3+. SOLD AT $53,820. I overheard it said by an onlooker that, although this was supposedly a numbers-matching car, it had no provision for a road draft tube, which would have been standard in 1962. The car had its concerns for sure, especially with the questions surrounding the engine, but the other issues were just cosmetic and wouldn't be easy to spot at 65 mph. It sold near mid-estimate, so I'll call it fairly bought and sold. Bonhams & Butterfields, Portland, OR, 06/11. Pro Street #S130-1962 CHEVROLET CORVETTE convertible. S/N 20867S113371. Red/red hard top/red vinyl. Odo: 54,323 miles. 383-ci 508-hp V8, 4-bbl, 4-sp. A hard-top-only car. Heavily modified, with $100k claimed spent. Powered by 383-ci small block with double-pumper carb and virtually all aluminum ancillary components. M22 4-speed going to 12-bolt 3.73 ratio Richmond Gear Posi rear end. Original frame rails grafted on new independent suspension. Wildest fiberglass mods are L88-style hood and hogged-out rear wheel wells. High quality body prep and paint, some light body wave visible. Non-stock steering Wheelarches radiused, presumably for drag racing slicks. Recent replacement Grand Sport-style front clip with fixed headlights repop knockoffs on newer radials, with mostly repop trim. Could very well be original seats and door panels, although they've been under plexi, later model stinger hood. Engine clean and original, save for Edelbrock 4-bbl, chrome Hooker headers, new screen door spring clutch return. Stock interior shows age. Cond: 3-. NOT SOLD AT $27,500. SplitWindow coupes are highly collectible, but deviations from stock tend to negatively impact value and interest. This example had a '60s drag racing persona with no history offered, no owner information, and many “what a waste” comments from potential bidders. Seller has two options if he wants more attention from bidders: either improve the presentation by refinishing the main bodywork to match the front, or restore the car's originality. At this price, owner was right to hold and ponder next move. Silver Auctions, Puyallup, WA, 05/11. #419-1964 CHEVROLET CORVETTE coupe. S/N 40837S115949. Burgundy/black leather. Odo: 44,793 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Superb paint over good prep, not sure of color authenticity. Claimed to have new suspension bushings, bearings, and ball joints. Minor sanding marks in glass. Glass gaskets cracking. Slightly grungy engine bay. Nice in- wheel, Hurst shifter, and AM/FM/cassette. Cond: 2-. SOLD AT $58,300. Described as a “frame off restoration.” Granted, they put a ton of work into it, but this was several exits and a rest stop away from being a restoration. After it was declared a post-block sale, shortly after leaving the auction block, I was getting a few more images of it and talked to the new owner's wife. She gave him the OK to buy it, but audibly wondered, “What is my husband getting into?” Mecum Auctions, St. Paul, MN, 06/11. C2 #129-1963 CHEVROLET CORVETTE coupe. S/N 308375113810. Eng. # 308375113810. Daytona Blue/Daytona Blue vinyl. Odo: 53,094 miles. 327-ci 340-hp V8, 4-bbl, 4-sp. Dark color set off with chrome sidepipes and Crager S/S mags. Good paint, new emblems, original glass, windshield chipped and deeply wiper-scarred. Paint badly scratched, with heavy crazing in places. 72 Corvette Market SUMMER 2011 www.corvettemarket.com re-dyed. Dealer accessory seat belts. Repro carpeting shows minimal wear and soiling. Tidy engine bay. Lots of blue sealant ooze throughout engine. Older aftermarket exhaust system. Cond: 3+. SOLD AT $33,920. This didn't have authenticity going for it, but it would be a nice cruise-night car if you just want to drive and not even contemplate making it correct. If that was so, bought well enough. Mecum Auctions, St. Paul, MN, 06/11. #325-1966 CHEVROLET CORVETTE convertible. S/N 19467S125322. Milano Maroon/black vinyl. Odo: 15,058 miles. 327-ci V8, 4-bbl, 4-sp. Show-quality paint, nice panel gaps, chrome and stainless very nicely presented. Excellent interior, nice engine bay looks stock. Lots of documentation on-hand. terior with new carpet, radio delete. Cond: 3+. SOLD AT $37,400. Coming in just above midestimate, this really nice presentation could have easily made a #2 condition rating with some new glass gaskets, glass polishing, and an engine detail. The new owner should realize some solid upside with minimal expense. Auctions America by RM, Auburn, IN, 05/11. #S83-1964 CHEVROLET CORVETTE convertible. S/N 40867S114735. Medium blue metallic/white vinyl/white vinyl. Odo: 53,890 miles. 327-ci 365-hp V8, 4-bbl, 4-sp. Originally left St. Louis painted Silver Blue, nothing like current blue. Body wavy. Wears Cond: 2. NOT SOLD AT $50,000. This was a very clean car with little to fault, and good documentation to boot. It might do slightly more than this on a different day, but the seller is misinformed if he thinks it's going to pull 427 money. Top bid seemed like a fair offer for a 327 with a 4-speed. Auctions America by RM, Auburn, IN, 05/11. #S93-1966 CHEVROLET CORVETTE convertible. S/N 194676S123758. Silver Pearl/black vinyl/black leather. Odo: 32,426


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Market Report Global Roundup Corvettes across the block miles. 427-ci 425-hp V8, 4-bbl, 4-sp. Miles claimed actual. Repainted in 2002 in similarto-stock manner, great but not stunning. Same with underhood and undercarriage detailing (great but not stunning). Limited light wear and soiling on mostly reproduction interior. Equipped with teakwood steering wheel, both types of tops, full tinted glass, power brakes, power antenna, and AM/FM stereo. Knockoff wheels shod with modern radial tires. Cond: 2-. NOT SOLD AT $62,000. It was stated on the block that it would take $110k to get it sold. Might was well have been bid to $50 against a $3.4 million reserve. Not that it doesn't have a chance of pulling that kind of money somewhere else; just not here. A weekend later out at Bloomington Gold, it was bid to $85k, still not enough to sell (CM# 179628). Mecum Auctions, St. Paul, MN, 06/11. #525-1967 CHEVROLET CORVETTE convertible. S/N 194677S122787. Rally Red/black cloth/red vinyl. Odo: 75,279 miles. 327-ci 300-hp V8, 4-bbl, 4-sp. Doors drop when opened, glass rattles in doors. Good chrome and stainless, weatherstripping pretty much shot. New carpet, interior otherwise ac- Missouri, September 2009 (CM# 142919); sold by Mecum in Kansas City again at $56,710, December 2009 (CM# 153269); and not sold by Collector Car Productions at $54,868, Toronto, April 2010 (CM# 160423). Well sold, and coming to an auction near you. Auctions America by RM, Auburn, IN, 05/11. #520-1967 CHEVROLET CORVETTE convertible. S/N 194677S103874. Tuxedo Black/black vinyl. Odo: 35,524 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Decent paint and body, right door closes hard. Driver-quality chrome and stainless. Clean engine bay. Nice interior. The whole car would benefit from a good de- previous reporter put it, “High bid was light but not by much.” Auctions America by RM, Auburn, IN, 05/11. #S90-1969 CHEVROLET CORVETTE convertible. S/N 194679S708389. Riverside Gold/black vinyl/black vinyl. Odo: 32,124 miles. 427-ci 390-hp V8, 4-bbl, 4-sp. N.O.M. 390-hp big block. Optional power steering, windows, locks, tilt/telescopic column, and a/c. Decade-old frame-off restoration holding up very well. Heavier wax residue in most body and trim crevices. Better-than-stock door gaps and fit, although there's heavier paint tail. Sits high in the back, which suggests a new spring was fitted sometime recently. Fitted with Redline tires and side exhaust. Cond: 3+. SOLD AT $59,400. This car beat its low estimate by $4k, and I'd call it strong money for a ho-hum presentation. Well sold, but no harm done. Let the top-down cruising begin. Auctions America by RM, Auburn, IN, 05/11. C3 ceptable, with wear commensurate with age. Steering column needs new bearings. Decent engine bay. Cond: 3. NOT SOLD AT $45,000. No documentation on an average Corvette. For a base-engined ‘67 in need of attention, $45k should have gotten the deal done. Auctions America by RM, Auburn, IN, 05/11. #404-1967 CHEVROLET CORVETTE convertible. S/N 194677S118550. Rally Red/white cloth/black & white leather. Odo: 37,261 miles. 327-ci 350-hp V8, 4-bbl, 4-sp. Nice paint over good prep work. Redlines, sidepipes, clean engine bay. Nice interior, although seats are a little grungy. Cond: 2. SOLD AT $67,100. Wow, this one's making the rounds, lets see: sold by Mecum at $55,000, #192-1968 CHEVROLET CORVETTE convertible. S/N 194678S407805. Rally Red/white cloth/black vinyl. Odo: 75,273 miles. 454-ci V8, 4-bbl, 4-sp. Fresh paint with lots of orange peel. Decent panel fit, top doesn't fit well, right door drops when opened. Passenger's side glass badly and repeatedly scratched. Replacement motor with chrome dress-up bits, originally a 427 car and badged as such. Interior nicely presented. Cond: 3-. wear in door jambs. Tidy interior, with all repop soft trim and an aftermarket AM/FM/ cassette deck. Chromed or polished master cylinder cover, alternator housing, and nonstock oil fill cap. Offered at no reserve. Cond: 3+. SOLD AT $27,295. While pretty on the outside, the devil's in the details, and this one just didn't warrant anything more than was paid here. Show me some sort of provenance verification and that could be debated, but as it sits, this was more than enough paid. Mecum Auctions, St. Paul, MN, 06/11. #175-1972 CHEVROLET CORVETTE coupe. S/N 1A37K25522281. Targa Blue/black vinyl. Odo: 96,000 miles. 350-ci 350-hp V8, 4-bbl, auto. Good body prep, repaint, and clearcoat. Door gaps quite even, although rear of passenger's door sits slightly low. Modern PPG windshield. Original interior, light carpet wear, wrinkling on seat bottoms. Light seam splitting starting on door panels. Tidy engine bay, with good paint detailing, including fresh Kansas City, March 2009 (CM# 120052); not sold at $40,000 at the Branson auction in 74 Corvette Market SUMMER 2011 www.corvettemarket.com NOT SOLD AT $23,000. A no-sale on Friday, this was in the corral for $27.5k. Also a recent no-sale at Auctions America by RM Carlisle in April 2010 at $20,000 (CM# 177760). Described then as “tired looking,” the paint job on the quick didn't help this one out. As the exhaust manifold dressing. Non-stock hose clamps. Equipped with power steering, deluxe wheel covers, and AM/FM. Typo on Iowa title, as “S” assembly plant code is marked “5.” Cond: 3+. NOT SOLD AT $21,000. The auctioneer declared, “The seller really wants to leave it in Minnesota, so 22 grand will buy it today.” Hopefully it wasn't because of the title error. While not an end-of-the-world issue,


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Market Report Global Roundup Corvettes across the block there's no way you should pay full price for a car that will take extra time and money just to get properly titled and registered. MidAmerica, St Paul, MN, 05/11. #216-1973 CHEVROLET CORVETTE coupe. S/N 1Z37J3S412403. Mille Miglia Red/red vinyl & cloth. Odo: 81,852 miles. 350ci, 4-bbl, auto. Nice paint, chrome, and stainless trim, left door handle pitted. Windshield glass delaminating. Well presented interior. Driver-quality engine bay, with missing distributor cover, aftermarket air cleaner and braided dress-up hoses added. Cond: 3. NOT 1Z8748S434176. Silver & charcoal/Oyster leather. Odo: 2,762 miles. 350-ci 225-hp V8, 4-bbl, auto. Miles actual, with oil change sticker in door jamb indicating it was changed at 2,009 miles on November 9, 1984 (and hopefully at least once more since then). Retains most original documentation from when it was sold new in Bemidji, MN. these “sure investments” (many paying well over MSRP) only to see a whopping 6,502 cars eventually built to satisfy dealer and customer demand. Though better-maintained examples are plentiful, and most auctions have one or two, the buyer chose to buy a car with spendy restoration needs and upside-down investment potential for too much money. Well sold. Silver Auctions, Puyallup, WA, 05/11. #3N-1978 CHEVROLET CORVETTE Indy Pace Car Edition coupe. S/N Well preserved original paint and interior. Windshield delaminating. SOLD AT $12,000. A no-sale on Friday, this car remained on offer in the corral at $18k. While I agree $12k might be low, it was not by much, and chasing another couple thousand dollars could be costly. Either take the money, or wait for the market to catch up. But you could be waiting a while. Auctions America by RM, Auburn, IN, 05/11. #165-1977 CHEVROLET CORVETTE coupe. S/N 1Z37L7S444477. White/red leather. Odo: 86,220 miles. 350-ci 180-hp V8, 4-bbl, auto. Older repaint with some light buffthrough over the years. Good quality non-stock tape pinstriping. Aside from chrome master cylinder cover, engine bay generally stock, but never cleaned. All-original interior, with commensurate wear for indicated 86k miles. Leather worn glossy. Original mats worn, over Driver's-side A-pillar-to-interior-trim gap filled with what looks like almond-colored caulk. Engine bay mostly time-capsule correct for '78. Optional cruise control and AM/FM/8-track, and alloy rims. Cond: 2-. SOLD AT $13,250. One could make the snide comment that the reason it had so few miles on it is because it was only driven on warm sunny days in Burrrr-midji, Minnesota. The optional rear window defroster is almost a default option up here, and I'm surprised it didn't have a block heater (if you have no idea what a block heater is, consider yourself lucky). You'd be hard-pressed to spend less for a Benchmark-ready car, so bought well. Mecum Auctions, St. Paul, MN, 06/11. #9-1978 CHEVROLET CORVETTE Indy Pace Car Edition coupe. S/N 1Z8748S903682. Black & silver/silver. Odo: 78,425 miles. 350-ci 220-hp V8, 4-bbl, auto. All panels blemished by scratches, dings, and chips. Mirrored glass tops good, painted rear glass-surround peeling, weatherseals failing. Silver replacement seat leather over dead foam, steering wheel leather badly cracked, inoperative clock. Fitted with aftermarket radio and rear speakers. Filthy original engine bay, aftermarket air cleaner, hood insulation heavily stained by coolant. On factory alloys LZ87L8S904975. Silver & black/silver leather. Odo: 19,103 miles. 350-ci 185-hp V8, 4-bbl, auto. Claimed essentially original and showing actual miles. Equipped with optional tinted roof panels, and pace car decals applied. Claimed to have all-original paint, but old overspray is visible on body tag. Several deep scrapes on right rear quarter-panel. Reproduction seat upholstery, serviceable original door panels and carpeting. Aftermarket 8-track in glove box. All-original engine bay looks more neglected than maintained. Freshly rebuilt carburetor, coolant flush, transmission service. On new OEM tires. Cond: 3. SOLD AT $24,000. After the auction, I asked Yvette what her secret was for selling ‘78 Pace Cars over the money, and she told me if I figure it out to let her know. The price didn't make sense to her or me, except perhaps that the car was sold to a phone bidder in New Jersey. VanDerBrink Auctions, Adams, ND, 06/11. Silver Anniversary Edition coupe. S/N 1Z87L8S408790. #2N-1978 CHEVROLET CORVETTE Two-tone silver/Oyster leather. Odo: 28,266 miles. 350-ci 185-hp V8, 4-bbl, auto. Claimed essentially original and with actual indicated mileage. Freshly rebuilt good original carpet. Mufflers rotting out. Optional power steering, brakes, door locks, and windows, a/c, and tilt/tele column. '80s radials on period aftermarket kidney bean alloy wheels. Cond: 3. NOT SOLD AT $8,000. Although it had yet to be taken apart and restored, the seller shouldn't mistake this for a Bloomington Survivor. Top bid was totally realistic. MidAmerica, St Paul, MN, 05/11. 25th #S54-1978 CHEVROLET CORVETTE Anniversary Edition coupe. S/N 76 Corvette Market SUMMER 2011 www.corvettemarket.com with servicable Goodyear Eagle GTs. Cond: 3-. SOLD AT $9,936. 1978 was the first year Corvettes paced Indy, and Chevy celebrated by producing one “Limited Edition” pace car replica for each dealership. Collectors grabbed


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Market Report service Global Roundup Corvettes across the block carb, brake fluid flush, new stock-style exhaust. Very original paint flaking in door panels and chipping on edges and front fascia. Presentable original interior, carpet loosening around console. Various engine components tossed behind seat, including belt for a/c compressor. Aftermarket three-prong spinner center caps on three wheels. Bone-stock engine bay—more ignored than maintained. Cond: 3-. SOLD AT $11,250. While lot 3N, the '78 Pace Car, went far and beyond what should have been realistic, the price achieved for this Silver Anniversary car was somewhat in line with reality. One could almost make the argument that this was bought well. Almost. VanDerBrink Auctions, Adams, ND, 06/11. #104-1980 CHEVROLET CORVETTE coupe. S/N 1Z878AS420728. Dark Claret/Oyster cloth. Odo: 55,293 miles. 350-ci 190-hp V8, 4-bbl, auto. Newer lackadaisical repaint, with heavier overspray on undercarriage and weak coverage on door tops. Heavier crazing of door and glass seals. Aftermarket center console T-pad and DIN-mount stereo in stock radio location. Balance of interior is original and shows lighter wear than expected. Bowling Green in its first year of production there, out of 8,995 cars built in 1981. Bowling Green C3s picked up a few years ago, and seem to have weathered the broader market's recent ups and downs by simply stagnating. Seller let it go at $13,500, and while not cheap, it was a respectable buy for a respectable car. Mecum Auctions, St. Paul, MN, 06/11. #177-1982 CHEVROLET CORVETTE coupe. S/N 1G1AY8788C5105764. Park Gray/mirrored glass/dark gray leather. Odo: 29,500 miles. 350-ci 200-hp fuel-injected V8, 4-sp. Good body gaps, nice paint with some minor touch-ups. Wheels could stand a polishing. Acceptable interior, carpet inserts separat- alloy wheels highly polished with new Firestone Firehawks, otherwise claimed all original. However, odd iridescent sheen to paint, plain red paint in jambs, only minimal nicks on nose. Heavier seat wear than expected. Aftermarket engine call-out decal on center console. Recently cleaned but not detailed under the hood. Dual power leather sport seats. Late model year production, retaining Motor Trend Car of the Year decal in hatch glass. Cond: 3+. NOT SOLD AT $11,000. I really don't think this had original paint. Don't blame it on the lighting in the building either, as no paint on any other cars had this type of sheen. Regardless, no one else was buying it either. $13k reserve was way out of line for the least -desirable-year Corvette. MidAmerica, St. Paul, MN, 05/11. #F35-1986 CHEVROLET CORVETTE convertible. S/N 1G1YY6780G5902938. Black/black cloth/tan leather. Odo: 104,074 miles. 350-ci 230-hp fuel-injected V8, manual. Indy Pace Car decals included with car have been applied. Oh-so-1980s gold-toned C4 emblems, inside and out. Good over-buffed repaint with heavy overspray on undercarriage and mufflers. Seat upholstery has far too little wear to be original, yet fits well. Steering wheel leather peeling, console lid very heavily Older engine bay cleanup, but now has light dust and oil seepage. Newer replacement master cylinder and booster. Optional tinted glass roof panels, tilt/tele steering column, cruise control, and alloy rims. Cond: 3. NOT SOLD AT $11,000. The auctioneer stated while it rolled off the block, “$13,000 buys it.” Well, by my calculations the high bid of $11k was generous. Definitely should've sold. MidAmerica, St. Paul, MN, 05/11. #F50-1981 CHEVROLET CORVETTE coupe. S/N 1G1AY8769B5106063. Two-tone Claret/red leather. Odo: 38,017 miles. 350-ci 190-hp V8, 4-bbl, auto. Second owner of 27 years claims actual miles showing. Well kept original paint reminds us that Bowling Green always had issues with orange peel. Two fairsized stone chips on front bumper. Light wear and fading on original interior. One seam starting to let go on passenger's seat back. Virtually all original under the hood and freshly cleaned up, with rust on brake master cylinder and dull finished aluminum throughout. Optional twotone paint, tinted roof panels, power door locks, and AM/FM/cassette. Cond: 2-. SOLD AT $14,840. Built toward the end of the model year, this was the 6,063rd Corvette to leave 78 Corvette Market SUMMER 2011 www.corvettemarket.com ing from door panels. Driver-quality engine bay. Cond: 3. SOLD AT $12,650. This car, for better or worse, was about the top of the heap in 1982, and this one was still holding up pretty well. All things considered, a fair price for a nice car. Auctions America by RM, Auburn, IN, 05/11. C4 #130-1984 CHEVROLET CORVETTE coupe. S/N 1G1AY0788E5148795. Red/red painted panel/red leather. Odo: 40,301 miles. 350-ci 205-hp fuel-injected V8, auto. Miles believed actual. Converted to R134 a/c, stock faded, upper door panels cracking. Shiftpattern insert missing from heavily worn shift knob. Clean, ho-hum engine bay. Optional 4+3 manual and dual power leather sport seats. Cond: 3. SOLD AT $8,500. Previously sold for $8,000 at Kruse Auctions' sale in Ft. Laurderdale, January, 2002 (CM# 25133). Although every 1986 convertible was an Indy Pace Car Edition (even though the actual car was yellow), very few are seen today with the decals actually stuck on the car. That made this one different, but not special. Anything past the $7,500 had to be due to the red mist. Sold well. Mecum Auctions, St. Paul, MN, 06/11. #630-1987 CHEVROLET CORVETTE convertible. S/N 1G1YY3184H5109926. Red/white cloth/red leather. Odo: 36,404 miles. 350-ci 240-hp fuel-injected V8, auto. Nice paint appears to be original and holding up well. Good gaps all around. Weatherstrips around glass dried and cracked. Leather interior exhibits nice patina, carpet starting to separate from door panels. Aftermarket stereo. Engine bay as you'd expect for miles and age:


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Market Report Global Roundup Corvettes across the block not horrible but not ready to show. Cond: 3+. SOLD AT $12,375. This sold at Auctions America in Fort Lauderdale in March 2011 for $11,100, then was a $10k no-sale at Auctions America by RM's Carlisle sale. At least the transporters are making money hauling it all over the place. This was all the money. Auctions America by RM, Auburn, IN, 05/11. coupe. #F27-1987 CHEVROLET CORVETTE S/N 1G1YY2182H5120448. White/gray cloth. Odo: 50,541 miles. 350-ci 240-hp fuel-injected V8, auto. Miles believed actual since new. Some panel touch-up, with light overspray on door glass seals. Door sill paint original and discolored where at weatherseals. Aftermarket DIN-mount in-dash AM/ FM/CD stereo and chrome door sill trim, rest miles. 350-ci 345-hp turbocharged V8, manual. Miles actual, car with second owner. Spoiled rotten since new, with heavily polished original paint, plus scrub-free original wheels and tires. Claimed that top has only been down three times, and looks the part. Dual power leather sport seats have more wrinkles than expected. Accessory chrome door sill carpet protectors fitted. Heavier surface rust on Callawayinstalled exhaust system, but rest of undercarriage near new. “Near new” also describes engine bay, apart from a replacement battery. Cond: 2-. SOLD AT $22,790. One of the 188 first-year Callaway Twin Turbos, and one of 65 drop-tops so equipped. Find me another with less miles that sold for less, and then I won't call this well bought. Even if you can, I'll still call it well bought. Mecum Auctions, St. Paul, MN, 06/11. #F54-1988 CHEVROLET CORVETTE convertible. S/N 1G1YY3187J5111661. Black/black leather. Odo: 100,465 miles. 350ci 245-hp fuel-injected V8, manual. Average older repaint, faded exterior emblems. Rusty e-brake handle. Aftermarket DIN-mount Sony CD stereo, black plastic door sill guards, and shift knob. Aftermarket stereo amp and speakers mounted in parcel compartment. Seats heavily worn and discolored. Dealer-grade engine compartment detailing. Fitted with lowbudget cat-back exhaust. Newer Michelin minor bolster wear on driver's seat, slight yellowing of white leather, carpet separation on door panel. Driver-quality engine bay. Cond: 3+. NOT SOLD AT $11,600. A nice, low-mile example bid to a fair price for an Anniversary Edition, considering that lesser examples are regularly changing hands for 40% less. Auctions America by RM, Auburn, IN, 05/11. #90-1989 CHEVROLET CORVETTE convertible. S/N 1G1YY3185K5113510. Black/black cloth/black leather. Odo: 62,078 miles. 350-ci 245-hp fuel-injected V8, auto. Gold-tone C4 emblems, inside and out. Good original paint, even if it's heavily buffed out. Original soft top moderately worn and weathered, but still quite serviceable. Moderate of interior original and well cared for. Recently cleaned and generally tidy engine bay, but nothing like a show car. Stock alloy wheels in non-stock chrome finish, older tires past halfway point. Cond: 3. NOT SOLD AT $6,000. While not a bad car, this wasn't much more than a decent used car. It never really took off while crossing the block. Actually, it barely stopped while going across the block, as only a few dealers seemed to have any interest in it. Mecum Auctions, St. Paul, MN, 06/11. Best Buy #S60-1987 CHEVROLET CORVETTE Callaway Twin Turbo convertible. S/N 1G1YY3189H5121330. Dark red metallic/tan cloth/tan leather. Odo: 7,380 seat wear for miles indicated. DIN-mount CD stereo. Used-car dealer-grade underhood radials on stock rims. Equipped with optional 4+3 manual transmission and dual power leather sport seats. Cond: 3-. SOLD AT $8,500. 1988 was the final year for the 4-speed manual transmission with electric overdrive. As the new transmission in 1989 was the vastly improved 6-speed, no Corvette was ever offered with a 5-speed transmission—manual or automatic. Despite the consignor's claims that this was investment-grade, it was a daily driver and nothing more. Reserve lifted was at $7,500, so sold well enough. Mecum Auctions, St. Paul, MN, 06/11. 35th #209-1988 CHEVROLET CORVETTE Anniversary Edition coupe. S/N 1G1YY2182J5116664. White/smoked glass/white & black leather. Odo: 8,800 miles. 350-ci 245-hp fuel-injected V8, auto. Black finish worn through on roof arch, otherwise good paint and gaps. Interior nicely preserved, 80 Corvette Market SUMMER 2011 www.corvettemarket.com cleanup and detailing. Fitted with aftermarket cat-back stainless-steel exhaust system, rear undercarriage-mounted detachable CB radio antenna, and combination rear spoiler/luggage rack. Cond: 3. SOLD AT $10,700. This all but rolled off the block as a $10k no-sale, but the consignor dropped the reserve right at the end, and it was hammered sold. Price was about right for a hold-out from the gold chain era. MidAmerica, St. Paul, MN, 05/11. #F60-1989 CHEVROLET CORVETTE coupe. S/N 1G1YY2183K5115931. Red/red leather. Odo: 155,926 miles. 350-ci 345-hp


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Market Report Global Roundup Corvettes across the block fuel-injected V8, auto. Masked-off repaint, light on the masking. Overspray under door handles and on door and window seals. Very fresh matte black paint on undercarriage. New lambswool-type seat covers hide botched redye job on heavily worn original leather. Redyed door panels and aftermarket door armrest overlay pad. Aftermarket two-tone steering wheel cover. Very presentable engine bay. New Michelins still have label on tread. Runs out well, and claimed to have been recently serviced, though no documentation shown. Cond: 3-. SOLD AT $6,700. Called a “frame-on restoration,” meaning a repaint and new seat covers. This needed a bunch of work, and at the price paid, there's no upside to doing it. Well sold. Mecum Auctions, St. Paul, MN, 06/11. #183-1991 CHEVROLET CORVETTE ZR-1 coupe. S/N 1G1YZ23J0M5801196. Red/red leather. Odo: 7,500 miles. 5.7-L 375hp fuel-injected V8, 6-sp. Immaculate ZR-1. Light scratches on front end. Doors close solidly. Equipped with heads-up display. Seats bolster wear. Tidy engine bay, but not detailed. Equipped with optional Selective Ride Control, dual power sport seats, CD/cassette DelcoBose stereo, plus polished alloy wheels with newer Michelin Pilot $15,515. This seemed more a summer-use used car more than a babied collectible, so the reserve was rightfully lifted when the bidding petered out. All the money in the world, regardless of limited miles—call it sold well. MidAmerica, St. Paul, MN, 05/11. well bolstered. Interior as-new. Cond: 2+. SOLD AT $26,910. The first of three ZR-1s at the sale, this sat very prettily. Only question was just how long had it been sitting there? That said, at this price the car was bought fairly, but just barely. See C4 profile p. 30. Bonhams & Butterfields, Portland, OR, 06/11. coupe. #187-1993 CHEVROLET CORVETTE S/N 1G1YZ23J1P5800028. Competition Yellow/gray leather. Odo: 15,975 miles. 5.7-L 405-hp fuel-injected V8, 6-sp. Windshield is delaminating. Driver's door seal splitting. Car otherwise presents as immaculate. Very noticeable yellow, even between two other ZR-1s. Cond: 2+. SOLD AT $26,910. This sold for the same money as the red ‘91 ZR-1, but had more than twice as many miles and a couple more cosmetic issues. But this was the first year the LT5 had 405 hp, so I'll 82 Corvette Market SUMMER 2011 www.corvettemarket.com control, and rear window defroster, and rolling on newer non-OEM touring tires. Cond: 3+. SOLD AT $12,985. Just when I figured that this C4 was going to dawdle to a long, slow, and excruciatingly tedious no-sale, the reserve got dropped at $10,750. Then, everyone ignored that it was a green car and the bidding took off again. Not a bargain-basement special, but worth the money spent for a good car. Mecum Auctions, St. Paul, MN, 06/11. Best Buy #188-1995 CHEVROLET CORVETTE ZR-1 coupe. S/N SOLD AT $25,440. Claimed to be one of 16 yellow LT4 convertibles built. Perhaps others are taking notice of what I've stated for awhile: that LT4s are sleepers in the market and are one of the best C4s to buy as a long-term investment. Overall condition probably ruled the day more than the LT4 option, but it certainly helped. Only Grand Sports pull more money than this car brought, and every single one of them is powered by an LT4. Improved and spiffed up from the last time I saw this at Bloomington Gold two years ago in 2009 (CM# 120824), where it was a no-sale at $21,000. Mecum Auctions, St. Paul, MN, 06/11. #F94-1994 CHEVROLET CORVETTE convertible. S/N 1G1YY32P9R5120976. Polo Green/black cloth/black leather. Odo: 68,154 miles. 350-ci 300-hp fuel-injected V8, auto. Very well kept original paint, with only a few light stone chips on nose to detract. Excellent original top with minimal weathering. Heavier wear on driver's seat, steering wheel rim, and door sill carpet. Tidy and clean under the hood, with newer non-OEM battery. Equipped with optional dual power seats, electronic climate say it balances out. Bonhams & Butterfields, Portland, OR, 06/11. See C4 profile p. 30. #126-1994 CHEVROLET CORVETTE convertible. S/N 1G1YY32P4R5119184. Red/black cloth/black leather. Odo: 50,529 miles. 350-ci 300-hp fuel-injected V8, auto. Car believed essentially original with actual indicated miles. Well kept original paint, with minimal road debris chipping. Commensurate interior wear, aside from heavier outboard side tires. Cond: 3+. SOLD AT as-new condition, inside and out. Aftermarket exhaust fitted. Cond: 2+. SOLD AT $31,590. Nothing else indicated damage, but I'm curious as to why there was overspray on the nose of the car—did someone just bump a curb, or are we talking something much more substantial here? This last-year and most refined ZR-1 sold for $5k over the other two at the auction, but still well under estimate. Well bought. See C4 profile p. 30. Bonhams & Butterfields, Portland, OR, 06/11. #S132-1996 CHEVROLET CORVETTE convertible. S/N 1G1YY3258T5104306. Competition Yellow/black cloth/black leather. Odo: 18,041 miles. 350-ci 330-hp fuel-injected V8, 6-sp. Optional LT4, dual power seats, electronic climate control, and DelcoBose cassette/ CD. Aside from Borla exhaust system, a virtually all-original car, including the Goodyear tires, which are starting to show heavier wear but are still legal on the street and retain their original inspection stamps on the sidewalls. Consigning dealer's sticker on replacement windshield. Like-new top and engine bay. Light but noticeable seat wear is no worse than a typical late C4 with low miles. Cond: 2-. 1G1YZ22J6S5800181. White/black leather. Odo: 7,677 miles. 5.7-L 405-hp fuel-injected V8, 6-sp. Paintwork evident on nose, overspray on passenger's-side turn signal. Otherwise in


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Market Report C5 #541-2000 CHEVROLET CORVETTE coupe. S/N 1G1YY22G2Y5110900. Yellow & white/black leather. Odo: 8,900 miles. 5.7-L 350-hp fuel-injected V8, auto. Never titled, used as pace car at Rolex 24 Hours of Daytona. Flashing light electronics take up much of storage behind seat. Good panel fit, loud stick-on graphics, clean engine bay with NAPA battery. Decent interior. Cond: 3. SOLD AT $32,175. Global Roundup Corvettes across the block Stored during winter months, with second owner since 13k miles. Well kept original paint, although has large dealer sticker on rump. Corvettes of Minnesota decal on passenger's door glass. Minimal weathering of Bid to a no-sale price of $32,500 at Auctions America's Fort Lauderdale sale in March 2011, then a $21k no-sale at Auctions America by RM's Carlisle sale the next month (CM# 177783). Price paid here seems like the current market. See the C5 profile p. 32. Auctions America by RM, Auburn, IN, 05/11. #S115-2002 CHEVROLET CORVETTE Lingenfelter Z06 coupe. S/N 1G1YY12SX25123562. Black & blue/black & blue leather. Odo: 11,050 miles. 5.7-L 500-hp supercharged V8, 6-sp. Custom paint, lighting, ground effects, interior trim, and stereo system, filling rear of car to the trunk lid. A one-owner car, stated to have had a “body-off restoration by Lingenfelter,” but no mention when. Most likely just before it was featured in the December 2005 issue of Performance Auto/ Sound magazine. No exterior Corvette em- soft top. Aftermarket door-pull leather cover and door panel arm-rest pads. Otherwise original interior shows virtually no wear and has slight hint of new car smell. Clean, well kept undercarriage and engine bay. Sold with transferrable extended warranty. Optional Selective Ride Control. Cond: 2-. SOLD AT $25,413. Since C4s and newer don't fare well in the snow (due more to lack of ground clearance than lack of traction), Corvettes from up here can be good buys simply because they are only used half of the year. That appeared to be the case here. The bidding plodded along until the reserve was lifted at $19k. Then it was bid on rather heartily until the end. MidAmerica, St. Paul, MN, 05/11. C6 #S149-2007 CHEVROLET CORVETTE convertible. S/N 1G1YY36U975127391. Victory Red/black cloth/black & red leather. Odo: 11,324 miles. 6.0-L 400-hp fuel-injected V8, auto. GM Accessory hood and trunk lid graphics kit, plus red Z06 brake calipers. Factory-optional paddle shift 6-speed automatic, 3LT package, chrome alloy wheels, red accented interior package, and navigation. Aftermarket Beltronics blems or markings. Plus-one sized LPE wheels and Michelin Pilot radials. High quality workmanship overall, with minimal wear, even if taste of said work depends upon viewer's discretion. Optional Head Up Display and Memory Package. Cond: 2-. NOT SOLD AT $75,000. Pimp my Z06. Stated that it would take $100k to get it bought, however, when it showed up at Bloomington Gold a week later, the magical figure became $125k. Sort of like the rest of the car, they made it up as they went. Mecum Auctions, St. Paul, MN, 06/11. 50th Anniversary Edition coupe. S/N 1G1YY32GX35126633. port C5 #541-2000 CHEVROLET CORVETTE coupe. S/N 1G1YY22G2Y5110900. Yellow & white/black leather. Odo: 8,900 miles. 5.7-L 350-hp fuel-injected V8, auto. Never titled, used as pace car at Rolex 24 Hours of Daytona. Flashing light electronics take up much of stor- age behind seat. Good panel fit, loud stick-on graphics, clean engine bay with NAPA battery. Decent interior. Cond: 3. SOLD AT $32,175. Global Roundup Corvettes across the block Stored during winter months, with second owner since 13k miles. Well kept original paint, although has large dealer sticker on rump. Corvettes of Minnesota decal on pas- senger's door glass. Minimal weathering of Bid to a no-sale price of $32,500 at Auctions America's Fort Lauderdale sale in March 2011, then a $21k no-sale at Auctions America by RM's Carlisle sale the next month (CM# 177783). Price paid here seems like the current market. See the C5 profile p. 32. Auctions America by RM, Auburn, IN, 05/11. #S115-2002 CHEVROLET CORVETTE Lingenfelter Z06 coupe. S/N 1G1YY12SX25123562. Black & blue/black & blue leather. Odo: 11,050 miles. 5.7-L 500-hp supercharged V8, 6-sp. Custom paint, lighting, ground effects, interior trim, and stereo system, filling rear of car to the trunk lid. A one-owner car, stated to have had a “body-off restoration by Lingenfelter,” but no mention when. Most likely just before it was featured in the December 2005 issue of Performance Auto/ Sound magazine. No exterior Corvette em- soft top. Aftermarket door-pull leather cover and door panel arm-rest pads. Otherwise origi- nal interior shows virtually no wear and has slight hint of new car smell. Clean, well kept undercarriage and engine bay. Sold with trans- ferrable extended warranty. Optional Selective Ride Control. Cond: 2-. SOLD AT $25,413. Since C4s and newer don't fare well in the snow (due more to lack of ground clearance than lack of traction), Corvettes from up here can be good buys simply because they are only used half of the year. That appeared to be the case here. The bidding plodded along until the reserve was lifted at $19k. Then it was bid on rather heartily until the end. MidAmerica, St. Paul, MN, 05/11. C6 #S149-2007 CHEVROLET CORVETTE convertible. S/N 1G1YY36U975127391. Victory Red/black cloth/black & red leather. Odo: 11,324 miles. 6.0-L 400-hp fuel-injected V8, auto. GM Accessory hood and trunk lid graphics kit, plus red Z06 brake calipers. Factory-optional paddle shift 6-speed auto- matic, 3LT package, chrome alloy wheels, red accented interior package, and navigation. Aftermarket Beltronics blems or markings. Plus-one sized LPE wheels and Michelin Pilot radials. High quality work- manship overall, with minimal wear, even if taste of said work depends upon viewer's dis- cretion. Optional Head Up Display and Memory Package. Cond: 2-. NOT SOLD AT $75,000. Pimp my Z06. Stated that it would take $100k to get it bought, however, when it showed up at Bloomington Gold a week later, the magical figure became $125k. Sort of like the rest of the car, they made it up as they went. Mecum Auctions, St. Paul, MN, 06/11. 50th Anniversary Edition coupe. S/N 1G1YY32GX35126633. #121-2003 #121-2003 CHEVROLET CORVETTE Anniversary Red/Shale cloth/Shale leather. Odo: 19,510 miles. 5.7-L 350-hp fuel-injected V8, auto. light nicks. Perhaps a bit too much silicone was used to prep the interior, but it does show that the car was overall very well cared for. Cond: 2-. NOT SOLD AT $37,500. Not exactly Bowling Green bone stock, but everything done to the car was done at the Chevy dealer when it was new. Which in itself will pose a new set of questions on how these well-caredfor examples will be classified by NCRS and Bloomington Gold in future years. As for today, the final bid was not out of line. Mecum Auctions, St. Paul, MN, 06/11. ■ Jammer installed. Well-cared-for original paint, with only a few


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By the Numbers Top 85 Corvette Sales at Auction April 2011 through July 2011* 1971 Chevrolet Corvette 454/425 ZR2 convertible, sold for $434,600 at Mecum, St. Charles Rank Year Model 1 1971 Chevrolet Corvette 454/425 ZR2 convertible 2 1969 Chevrolet Corvette 427/430 L88 coupe 3 1967 Chevrolet Corvette 427/435 L71 convertible 4 1963 Chevrolet Corvette 327/360 L84 Fuelie coupe 5 1958 Chevrolet Corvette 283/250 convertible 6 1964 Chevrolet Corvette convertible 1967 Chevrolet Corvette 427/435 L71 convertible 8 1966 Chevrolet Corvette 427/425 L72 convertible 9 1967 Chevrolet Corvette 427/435 L71 coupe 10 1967 Chevrolet Corvette 427/400 L68 convertible 11 1969 Chevrolet Corvette 427/435 L71 convertible 12 1958 Chevrolet Corvette 283/270 convertible 1965 Chevrolet Corvette 327/375 L84 Fuelie coupe 14 1964 Chevrolet Corvette LS7 Custom 15 1967 Chevrolet Corvette 427/390 L36 coupe 1966 Chevrolet Corvette 427/425 L72 convertible 17 1967 Chevrolet Corvette 427/435 L71 convertible 1967 Chevrolet Corvette 427/638 Custom convertible 19 1954 Chevrolet Corvette RHD roadster 20 1965 Chevrolet Corvette 327/375 L84 Fuelie coupe 1962 Chevrolet Corvette 327/360 Fuelie convertible 22 1958 Chevrolet Corvette 283/270 convertible 23 1957 Chevrolet Corvette 283/245 convertible 24 1961 Chevrolet Corvette 283/315 Fuelie convertible 25 1957 Chevrolet Corvette 283 Fuelie convertible 26 1958 Chevrolet Corvette 283/270 convertible 27 1967 Chevrolet Corvette 427/430 L88 replica 28 1965 Chevrolet Corvette 396/425 L78 coupe 86 Corvette Market SUMMER 2011 www.corvettemarket.com Sold Price Location $434,600 Mecum, St. Charles, IL $222,600 Mecum, Indianapolis, IN $166,950 Mecum, Indianapolis, IN $159,000 Mecum, Indianapolis, IN $151,050 Mecum, St. Charles, IL $140,450 Mecum, Indianapolis, IN $140,450 Mecum, St. Charles, IL $127,200 Mecum, Indianapolis, IN $124,020 Mecum, Indianapolis, IN $121,900 Mecum, St. Charles, IL Lot # Date S99 6/24/2011 S134 5/17/2011 S128 5/17/2011 S119 5/17/2011 S68 6/24/2011 F139 5/17/2011 S76 6/24/2011 F280 5/17/2011 T232 5/17/2011 S115 6/24/2011 $121,000 Barrett-Jackson, Orange County, CA 357.1 6/24/2011 $116,600 Mecum, St. Charles, IL $116,600 Mecum, St. Charles, IL $115,540 Mecum, Indianapolis, IN $111,300 Mecum, Indianapolis, IN $111,300 Mecum, St. Charles, IL $108,650 Mecum, Indianapolis, IN $108,650 Mecum, Indianapolis, IN $107,277 Shannons, Melbourne, AUS $106,000 Mecum, Indianapolis, IN $106,000 Mecum, St. Charles, IL $102,820 Mecum, St. Charles, IL $101,760 Mecum, St. Charles, IL $101,200 Worldwide Group, Seabrook, TX $99,450 Bonhams & Butterfields, Portland, OR S90 6/24/2011 S35 6/24/2011 F131 5/17/2011 S79 5/17/2011 S87 6/24/2011 S171 5/17/2011 F255.1 5/17/2011 36 7/10/2011 S130 5/17/2011 S123 6/24/2011 S22 6/24/2011 S85 6/24/2011 69 4/30/2011 139 6/11/2011 $99,000 Barrett-Jackson, Orange County, CA 367.2 6/24/2011 $98,050 Mecum, Indianapolis, IN $95,400 Mecum, Indianapolis, IN F211 5/17/2011 F229 5/17/2011 *Auction sales as recorded from April 26 through July 10 in the Corvette Market Digital Plus database (www.corvettemarket.com).


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Rank Year Model 29 1966 Chevrolet Corvette 427/390 L36 convertible 30 1963 Chevrolet Corvette 327/360 L84 Fuelie coupe 31 1957 Chevrolet Corvette 283/245 convertible 1965 Chevrolet Corvette 396/425 L78 convertible 33 1968 Chevrolet Corvette 427/435 L71 coupe 1966 Chevrolet Corvette 327/300 Custom 1962 Chevrolet Corvette 327/360 Big Brake Fuelie 1966 Chevrolet Corvette 427/425 L72 convertible 37 1971 Chevrolet Corvette 454/425 LS6 coupe 1962 Chevrolet Corvette 327/360 Fuelie convertible 39 1966 Chevrolet Corvette 427/425 L72 coupe 40 1958 Chevrolet Corvette 283/290 41 1954 Chevrolet Corvette 235/150 roadster 42 1957 Chevrolet Corvette 283/283 convertible 1965 Chevrolet Corvette 396/425 L78 convertible 2010 Chevrolet Corvette Callaway 378/606 convertible 45 1967 Chevrolet Corvette Custom convertible 46 1957 Chevrolet Corvette 283/270 convertible 47 1966 Chevrolet Corvette 427/425 L72 coupe 48 1954 Chevrolet Corvette 235/150 roadster 49 1962 Chevrolet Corvette 327/360 Fuelie convertible 50 1964 Chevrolet Corvette 327/300 L75 convertible 1966 Chevrolet Corvette 427/425 L72 convertible 52 1970 Chevrolet Corvette 350/370 LT1 coupe 1955 Chevrolet Corvette 265/195 roadster 54 1965 Chevrolet Corvette 327/375 L84 Fuelie convertible 55 1961 Chevrolet Corvette 283 convertible 56 1967 Chevrolet Corvette 427/435 L71 convertible 57 1962 Chevrolet Corvette 327 convertible 58 1963 Chevrolet Corvette 327/300 L75 coupe 1961 Chevrolet Corvette 350/300 convertible 2003 Chevrolet Corvette Z06 AAT 2009 Chevrolet Corvette ZR1 1954 Chevrolet Corvette 235/150 roadster 1959 Chevrolet Corvette 283/270 convertible 1960 Chevrolet Corvette 283/270 convertible 1961 Chevrolet Corvette 283/230 convertible 1961 Chevrolet Corvette 283/270 convertible 1963 Chevrolet Corvette 327/360 L84 Fuelie coupe 1965 Chevrolet Corvette 396/425 L78 coupe 1966 Chevrolet Corvette Big Tank coupe 70 1966 Chevrolet Corvette 427/390 L36 convertible 71 1966 Chevrolet Corvette 427/425 L72 convertible 72 1967 Chevrolet Corvette 427/435 L71 coupe 73 1956 Chevrolet Corvette 265/210 convertible 74 1965 Chevrolet Corvette 327/365 75 1958 Chevrolet Corvette 283/245 convertible 1961 Chevrolet Corvette 283/315 racer 1964 Chevrolet Corvette 327/375 L84 Fuelie convertible 78 1967 Chevrolet Corvette 327/350 L79 convertible 79 1967 Chevrolet Corvette 327/350 L79 convertible 1966 Chevrolet Corvette 427/450 L72 convertible 1963 Chevrolet Corvette coupe 82 1967 Chevrolet Corvette 427/390 L36 convertible 1998 Chevrolet Corvette LS7 convertible 84 1959 Chevrolet Corvette 283/270 convertible 85 1966 Chevrolet Corvette 327/350 L79 convertible Sold Price Location $94,340 Mecum, Indianapolis, IN $92,750 Mecum, Indianapolis, IN $91,160 Mecum, St. Charles, IL $91,160 Mecum, St. Charles, IL $90,100 Mecum, Indianapolis, IN $90,100 Mecum, Indianapolis, IN $90,100 Mecum, St. Charles, IL $90,100 Mecum, St. Charles, IL $89,040 Mecum, Indianapolis, IN $89,040 Mecum, St. Charles, IL $88,510 Mecum, Indianapolis, IN $87,450 Mecum, Indianapolis, IN $86,900 Worldwide Group, Seabrook, TX $84,800 Mecum, St. Charles, IL $84,800 Mecum, St. Charles, IL $84,800 Mecum, St. Charles, IL $84,700 Barrett-Jackson, Orange County, CA $82,680 Mecum, St. Charles, IL $82,500 Barrett-Jackson, Orange County, CA $82,150 Mecum, Indianapolis, IN $81,620 Mecum, Indianapolis, IN $80,560 Mecum, St. Charles, IL $80,560 Mecum, St. Charles, IL $79,500 Mecum, Indianapolis, IN $79,500 Mecum, St. Charles, IL $78,440 Mecum, St. Charles, IL $78,100 Barrett-Jackson, Orange County, CA $76,850 Mecum, St. Charles, IL $75,260 Mecum, Indianapolis, IN $74,200 Mecum, Indianapolis, IN $74,200 Mecum, Indianapolis, IN $74,200 Mecum, Indianapolis, IN $74,200 Mecum, Indianapolis, IN $74,200 Mecum, St. Charles, IL $74,200 Mecum, St. Charles, IL $74,200 Mecum, St. Charles, IL $74,200 Mecum, St. Charles, IL $74,200 Mecum, St. Charles, IL $74,200 Mecum, St. Charles, IL $74,200 Mecum, St. Charles, IL $74,200 Mecum, St. Charles, IL $73,670 Mecum, Indianapolis, IN $73,140 Mecum, St. Charles, IL $72,610 Mecum, St. Charles, IL $71,020 Mecum, St. Charles, IL $69,960 Mecum, Indianapolis, IN $68,900 Mecum, St. Charles, IL $68,900 Mecum, St. Charles, IL $68,900 Mecum, St. Charles, IL $67,100 Auctions America by RM, Auburn, IN $66,780 Mecum, Indianapolis, IN $66,780 Mecum, Indianapolis, IN $66,780 Mecum, St. Charles, IL $65,720 Mecum, Indianapolis, IN $65,720 Mecum, St. Charles, IL $65,520 Bonhams & Butterfields, Portland, OR $64,660 Mecum, St. Charles, IL Lot # Date S36 5/17/2011 S196 5/17/2011 F76 6/24/2011 S70 6/24/2011 F279 5/17/2011 S186 5/17/2011 S84 6/24/2011 S40 6/24/2011 S204 5/17/2011 S26 6/24/2011 T67 5/17/2011 S219.1 5/17/2011 27 4/30/2011 S21 6/24/2011 S37 6/24/2011 S120 6/24/2011 390 6/24/2011 S16 6/24/2011 366 6/24/2011 S44 5/17/2011 S46 5/17/2011 S64 6/24/2011 S82 6/24/2011 T240.1 5/17/2011 S19 6/24/2011 S34 6/24/2011 339 6/24/2011 S42 6/24/2011 F286 5/17/2011 F116 5/17/2011 T268 5/17/2011 S157 5/17/2011 S166 5/17/2011 S18 6/24/2011 S23 6/24/2011 S24 6/24/2011 S81 6/24/2011 S25 6/24/2011 S29 6/24/2011 S36 6/24/2011 S39 6/24/2011 S187 5/17/2011 S97 6/24/2011 S41 6/24/2011 S20 6/24/2011 W229.1 5/17/2011 S58 6/24/2011 S83 6/24/2011 S30 6/24/2011 404 5/12/2011 T208 5/17/2011 F266 5/17/2011 S116 6/24/2011 F247 5/17/2011 S105 6/24/2011 144 6/11/2011 S98 6/24/2011 www.corvettemarket.com SUMMER 2011 Corvette Market 87


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Price Guide Buy-Sell Price Range Low C1 (1953–62) 235/150 Roadster 235/150 Roadster 235/155 Roadster 265/195 265/210 Convertible 265/225 283/220 Convertible 283/245 283/250 FI 283/270 283/283 FI 283/230 Convertible 283/245 283/250 FI 283/270 283/290 FI 283/230 Convertible 283/245 283/250 FI 283/270 283/290 FI 283/230 Convertible 283/245 283/250 FI 283/270 283/290 FI 283/230 Convertible 283/245 283/270 283/275 FI 283/315 FI 327/250 Convertible 327/300 327/340 327/360 FI 327/250 Split-Window Coupe 327/300 L75 327/340 L76 327/360 FI L84 327/360 Z06 327/250 Convertible 327/300 L75 327/340 L76 327/360 FI L84 Grand Sport 327/250 Coupe 327/300 L75 53 54 55 55 56 56 57 57 57 57 57 58 58 58 58 58 59 59 59 59 59 60 60 60 60 60 61 61 61 61 61 62 62 62 62 (1956–62, add $2k–$4k for auxiliary hard top.) C2 (1963–67) 63 10,594 63 63 63 63 63 10,919 63 63 63 63 64 64 5 8,304 $40,000 $43,000 $50,400 $73,400 $127,000 $35,000 $36,000 $39,000 $65,000 $71,200 A $82,000 A $83,000 A $136,400 A $191,000 A $63,000 B $66,000 B $72,000 B $135,400 A $6,000,000 $10,000,000 A $32,700 $33,400 $52,400 B $57,700 B 88 Corvette Market SUMMER 2011 www.corvettemarket.com HHH HHH HHH HHH HHHH HHH HHH HHH HHH HHHH HHH HHH 300 3,640 7 693 387 3,080 1,633 2,045 284 1,621 756 4,243 2,436 504 978 1,007 5,487 1,417 175 1,846 745 5,827 1,211 100 2,364 759 5,357 1,175 2,827 118 1,462 4,907 3,294 4,412 1,918 $125,000 $65,000 $62,000 $65,000 $45,000 $50,000 $44,300 $49,200 $59,000 $49,200 $70,200 $39,400 $44,300 $52,800 $48,100 $68,200 $38,400 $43,300 $53,500 $47,200 $66,900 $39,400 $47,600 $52,800 $48,200 $67,900 $40,400 $45,300 $49,200 $55,800 $66,900 $44,300 $48,600 $51,200 $75,100 High 327/365 L76 $225,000 A $108,000 B $125,000 B $122,000 A $85,000 B $86,700 B $88,500 B $93,500 B $113,100 A $92,800 B $119,900 A $76,700 B $99,900 B $105,300 B $85,600 B $125,000 B $70,800 B $81,700 B $100,400 B $95,600 B $124,000 B $82,700 B $84,600 B $100,000 B $91,900 B $125,000 B $66,800 B $85,300 B $86,600 B $100,400 B $131,300 B $78,700 B $86,600 B $91,500 B $141,700 B HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHHH 327/375 FI L84 327/250 Convertible 327/300 L75 327/365 L76 327/375 FI L84 327/250 Coupe 327/300 L75 327/350 L79 327/365 L76 327/375 FI L84 396/425 L78 327/250 Convertible 327/300 L75 327/350 L79 327/365 L76 327/375 FI L84 396/425 L78 327/300 Coupe 327/350 L79 427/390 L36 427/425 L72 327/300 Convertible 327/350 L79 427/390 L36 427/425 L72 327/300 Coupe 327/350 L79 427/390 L36 427/400 L68 427/430 L88 427/435 L71 327/300 Convertible 327/350 L79 427/390 L36 427/400 L68 427/430 L88 427/435 L71 C3 (1968–82) 327/300 Coupe 327/350 L79 427/390 L36 427/400 L68 427/430 L88 427/435 L71 427/435 L89 327/300 Convertible 327/350 L79 64 64 64 13,925 64 64 64 65 65 65 65 65 65 8,186 65 15,378 65 65 65 65 65 66 66 66 66 9,958 66 17,762 66 66 66 67 67 67 67 67 67 8,504 67 14,436 67 67 67 67 67 Buy-Sell Price Range Low $36,900 $55,700 $35,000 $37,000 $39,000 $56,700 $38,400 $38,400 $41,000 $43,000 $63,700 $65,700 $39,000 $39,000 $42,000 $43,000 $64,700 $71,400 $38,000 $43,000 $56,000 $68,700 $40,000 $45,000 $58,000 $70,000 $45,000 $48,000 $62,000 $72,000 High $61,000 B $96,400 A $58,000 B $62,700 B $62,700 B $98,400 A $69,700 B $63,400 B $75,000 B $78,000 B $115,400 A $127,000 A $70,400 A $75,000 B $80,000 B $85,000 B $123,000 A $127,000 B $72,400 B $76,400 B $94,700 B $127,000 B $80,000 A $83,000 B $115,000 B $127,000 A $79,400 B $85,000 B $109,000 B $130,000 B $1,200,000 $2,000,000 A $96,400 $46,700 $50,000 $65,000 $75,000 $177,700 A $92,700 B $100,000 B $131,000 B $143,700 A $1,216,700 $2,033,400 A $95,000 $187,400 A HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHHH HHH HHH HHH HHH HHH HHHH HHH (For 1963–67, add $2k–$3k for side exhaust; $2k–$4k for auxiliary hard top; $4k–$6k for a/c; $5k–$8k for knockoff wheels; $6k–$10k for aluminum wheels.) 68 68 68 68 68 68 68 9,936 68 18,630 68 $18,000 $20,000 $25,000 $28,000 $275,000 $40,000 $54,000 $24,000 $26,000 $35,400 $41,000 $50,000 $58,000 C C C C $371,700 A $72,000 B $95,000 B $46,400 $52,000 C C HHH HHH HHH HHH HHH HHH HHH HHH HHH *Predicted appreciation over twelve months, where five-star cars will out-perform market at large, three-star cars are fully priced, and one-star cars are still depreciating Yrs. Built No. Made Investment Grade Appreciation Rating* Yrs. Built No. Made Investment Grade Appreciation Rating*


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Buy-Sell Price Range Low 427/390 L36 427/400 L68 427/430 L88 427/435 L71 427/435 L89 350/300 Coupe 350/350 L46 427/390 L36 427/400 L68 427/430 L88 427/435 L71 427/435 L89 427/430 ZL1 350/300 Convertible 350/350 L46 427/390 L36 427/400 L68 427/430 L88 427/435 L71 427/435 L89 68 68 68 68 68 69 22,129 69 69 69 69 69 69 69 69 16,633 69 69 69 69 69 69 $36,000 $35,000 $325,000 $46,800 $59,700 $18,000 $21,000 $25,000 $29,000 $283,400 $40,400 $50,000 High $61,000 $69,000 C C $450,000 A $84,400 B $110,700 B $38,400 $43,000 $52,000 $64,700 C C C C $416,700 A $79,400 B $93,000 B $2,000,000 $3,000,000 A $22,700 $24,000 $30,000 $34,000 $291,700 $51,700 $69,000 $48,000 $55,000 $63,000 $70,000 C C C C $375,000 A $110,000 B $118,400 B HHH HHH HHHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHHH HHH HHH HHH HHH HHHH HHH HHH 350/300 Coupe 350/350 L46 350/370 LT1 454/390 LS5 350/300 Convertible 350/350 L46 350/370 LT1 454/390 LS5 350/270 Coupe 350/330 LT1 454/365 LS5 454/425 LS6 350/270 Convertible 350/330 LT1 454/365 LS5 454/425 LS6 350/200 Coupe 350/255 LT1 454/270 LS5 300/250 Convertible 70 10,668 70 70 70 70 70 70 70 6,648 71 14,680 71 71 71 71 71 71 71 7,121 72 20,496 72 72 72 6,508 Buy-Sell Price Range Low $18,500 $22,000 $28,000 $27,000 $24,000 $25,000 $33,000 $33,000 $18,000 $25,000 $25,000 $71,000 $25,000 $31,000 $33,000 $90,000 $18,500 $26,500 $27,500 $25,000 High $39,000 $40,000 $56,000 C C C $58,000 B $50,000 $55,000 $68,000 C C C $70,000 B $36,900 $53,000 C C $55,000 B $160,000 A $48,000 $65,000 C C $67,000 B $191,700 A $40,000 $55,000 $56,000 $51,000 C C C C HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH *Predicted appreciation over twelve months, where five-star cars will out-perform market at large, three-star cars are fully priced, and one-star cars are still depreciating www.corvettemarket.com SUMMER 2011 Corvette Market 89 Yrs. Built No. Made Investment Grade Appreciation Rating* Yrs. Built No. Made Investment Grade Appreciation Rating*


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Price Guide Buy-Sell Price Range Low 350/255 LT1 454/270 LS5 72 72 350/190 Convertible 350/250 L82 454/275 LS4 350/195 Coupe 350/250 L82 454/270 LS4 350/195 Convertible 350/250 L82 454/270 LS4 350/165 Coupe 350/205 L82 350/165 Convertible 350/205 L82 350/180 Coupe 350/210 L82 350/180 Coupe 350/210 L82 350/185 Coupe 350/220 L82 350/185 Silver Anniversary 350/220 L82 350/185 Pace Car 350/220 L82 350/195 Coupe 350/225 L82 350/190 Coupe 350/230 L82 305/180 (California only) 350/190 Coupe 350/200 Coupe 350/200 Collector Edition 73 25,521 73 73 73 73 73 4,943 74 32,028 74 74 74 74 74 5,474 75 33,836 75 75 75 4,629 76 46,558 76 77 49,213 77 78 24,991 78 78 15,283 78 78 78 6,502 79 53,807 79 80 40,614 80 80 81 40,606 82 18,648 82 6,759 Convertible Malcolm Konner Comm. Coupe Coupe Convertible Callaway Cpe/Cvt Coupe Convertible 35th Anniversary coupe 84 51,547 85 39,729 86 27,794 86 86 7,315 50 87 20,007 87 10,625 87 188 inc. 88 15,382 88 7,407 88 90 Corvette Market SUMMER 2011 www.corvettemarket.com 2,050 inc. $35,000 $33,000 (1968–72, add $1k–$2k for auxiliary hard top; $2k–$3k for a/c.) 350/190 Coupe 350/250 L82 454/275 LS4 $13,000 $15,000 $17,000 $20,000 $22,000 $24,000 $11,000 $14,000 $15,000 $19,000 $21,000 $22,000 $10,000 $12,500 $18,000 $20,000 $9,000 $11,000 $9,500 $12,000 $9,900 $12,800 $12,800 $15,800 $19,700 $19,700 $10,400 $13,300 $11,800 $13,800 $9,900 $11,800 $11,800 $16,800 $5,500 $6,000 $6,500 $9,500 High $66,000 $67,000 $24,000 $28,000 $33,000 $33,000 $40,000 $42,000 $23,000 $28,000 $30,000 $32,000 $36,000 $40,000 $19,000 $23,000 $33,000 $37,000 $16,000 $20,000 $18,000 $22,000 $17,700 $22,700 $24,600 $29,500 $34,500 $39,400 $18,700 $23,600 $19,700 $23,600 C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C $17,700 D $20,700 $21,700 $29,500 C C C $10,000 $7,500 $10,000 $20,000 $7,500 $10,000 $12,500 $8,500 D $9,000 D $10,500 D $16,000 D $20,000 D $11,500 D $16,000 D HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH HHH (1973–82, add $750 for aluminum wheels, $1,250 for auxiliary hard top. 1978–82, add $650 for glass top.) C4 (1984–96) Coupe Coupe Coupe HH HH HH HH HH HH HH $32,000 D $11,000 D $16,000 D $21,400 D HH HH HH HH Challenge Racer Callaway Cpe/Cvt Coupe Convertible Challenge Racer Callaway Cpe/Cvt Coupe ZR-1 coupe Convertible Callaway Cpe/Cvt World Challenge Racer Coupe ZR-1 coupe Convertible Callaway Cpe/Cvt Coupe ZR-1 coupe Convertible Coupe ZR-1 coupe Convertible 40th Anniversary coupe 40th Anniversary convertible 40th Anniversary ZR-1 coupe Coupe ZR-1 coupe Convertible Coupe ZR-1 coupe Convertible Pace Car convertible Coupe Convertible Collector Edition coupe Collector Edition convertible Grand Sport coupe Grand Sport convertible 88 88 56 inc. 125 inc. 89 16,663 89 89 89 9,749 60 inc. 67 inc. 90 12,967 90 90 90 90 3,049 7,630 58 inc. 23 inc. 91 12,923 91 91 91 2,044 5,672 71 inc. 92 14,102 92 92 502 5,875 93 15,396 93 93 448 5,692 93 93 93 6,749 inc. inc. inc. 94 17,536 94 94 448 5,346 95 15,323 95 95 95 448 4,444 527 96 12,326 96 96 96 96 96 2,798 4,031 1,381 810 190 97 9,752 Buy-Sell Price Range Low $25,900 $20,000 $7,500 $10,900 $25,500 $21,000 $8,000 $21,500 $9,700 $21,000 $24,000 $9,500 $19,900 $11,900 $21,500 $10,000 $20,700 $11,900 $10,000 $21,500 $12,900 $13,900 $18,200 $32,900 $11,000 $30,900 $14,900 $12,000 $31,100 $14,900 $24,700 $13,400 $15,900 $16,200 $18,000 $24,000 $28,900 Convertible Pace Car convertible Coupe Convertible Hard top Coupe Convertible Hard top Coupe 98 19,235 98 10,686 98 1,163 99 18,078 99 11,161 99 4,031 00 18,113 00 13,479 00 2,090 01 15,681 $15,500 $16,200 $20,000 $26,700 $17,700 $21,400 $17,000 $19,000 $22,500 $18,000 $21,900 High $39,200 D $31,000 D $12,000 D $16,700 D $39,200 D $32,000 D $13,000 D $30,000 C $17,400 D $32,000 D $35,700 D $13,000 D $30,400 C $18,200 D $32,000 D $14,000 D $32,500 C $18,400 D $14,000 D $34,700 C $18,700 D $21,700 D $26,400 $42,300 C C $16,000 D $42,400 C $19,700 D $16,500 D $43,700 C $19,000 D $32,500 D $17,700 D $21,200 D $24,500 D $28,400 D $39,000 $53,000 C C (1984–96, add $1,300 for auxiliary hard top, $600 for 6-sp, $3,000 for LT4 in 1996.) C5 (1997–2004) Coupe Coupe $20,200 D $20,900 D $26,700 D $34,900 D $22,400 D $27,000 D $21,500 D $24,200 D $27,000 D $22,700 D $25,900 D HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HH HHH HHH HH HH HH HH HH HH HH HH HH HH HH Yrs. Built No. Made Investment Grade Appreciation Rating* Yrs. Built No. Made Investment Grade Appreciation Rating*


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Buy-Sell Price Range Low Convertible Z06 hard top Coupe Convertible Z06 hard top Coupe Convertible Z06 hard top 50th Anniversary coupe 50th Anniversary convertible Coupe Convertible Z06 hard top Commemorative coupe Commemorative convertible Z06 Commemorative hard top C6 (2005–present) Coupe Convertible Coupe Convertible Z06 coupe Coupe 01 14,173 01 5,773 02 14,760 02 12,710 02 03 03 03 03 03 8,297 8,727 6,475 8,635 4,085 7,547 04 13,950 04 04 04 04 04 9,557 3,658 2,215 2,659 2,025 05 26,278 05 10,644 06 16,598 06 11,151 06 6,272 07 21,484 $24,000 $24,000 $22,900 $26,500 $24,900 $24,500 $29,400 $26,500 $28,700 $31,000 $25,900 $30,700 $30,700 $26,700 $32,200 $30,000 $29,400 $35,900 $33,200 $38,700 $48,700 $34,400 High $30,000 D $30,500 C $28,900 D $33,000 D $33,500 C $30,000 D $34,700 D $33,700 C $36,000 D $40,200 D $31,700 D $37,000 D $35,200 C $33,500 D $36,700 D $37,400 C $37,200 D $40,900 D $38,500 D $44,200 D $54,200 C $39,900 D HH HH HH HH H H H H H H H H H H H H H H H H H H Convertible Pace Car convertible Z06 coupe Ron Fellows Z06 coupe Coupe Pace Car coupe Convertible Pace Car convertible Z06 coupe Coupe Convertible Z06 coupe ZR1 coupe Grand Sport coupe Grand Sport convertible Coupe Convertible Z06 coupe ZR1 coupe Grand Sport coupe Grand Sport convertible 07 10,918 07 07 07 500 8,159 399 08 19,796 08 08 08 08 234 7,283 266 7,731 09-10 11,791 09-10 4,346 09-10 3,979 09-10 2,992 10 10 11 11 11 11 11 11 3,707 2,335 3,054 1,003 760 694 4,681 2,542 Buy-Sell Price Range Low $40,500 $41,000 $52,900 $61,200 $34,200 $36,200 $41,500 $42,500 $52,000 $41,000 $45,000 $55,000 $90,000 $42,000 $48,000 High $47,500 D $47,500 D $56,700 $65,000 C C $41,400 D $43,000 D $46,000 D $49,500 D $62,000 C $48,000 D $52,000 D $75,500 $105,000 $50,500 $62,300 C C C C $44,500 $49,045 (MSRP) D $48,800 $54,045 (MSRP) D $67,600 $74,375 (MSRP) $99,900 $110,300 (MSRP) $52,000 $55,045 (MSRP) $56,500 $59,045 (MSRP) C C C C H H H H H H H H H H H H H H H H H H H H H (Note: Bloomington Gold, NCRS certification, or racing history can add significantly to the value of a Corvette.) *Predicted appreciation over twelve months, where five-star cars will out-perform market at large, three-star cars are fully priced, and one-star cars are still depreciating www.corvettemarket.com SUMMER 2011 Corvette Market 91 Yrs. Built No. Made Investment Grade Appreciation Rating* Yrs. Built No. Made Investment Grade Appreciation Rating*


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Trick Stuff What you need for your Corvette and where to get it. By Tony Piff Pump it Up, Ramp it Up, Jack it Up, Tune it Up Play CDs—and iPods—without hacking up your Corvette's vintage look Modern sound, classic look If you'd like the ability to play CDs and MP3s in your C1, C2, or C3s without disturbing the vintage appearance, Custom Autosound has the solution. Their “USA-630” looks like a classic analog tuner, with chunky plastic buttons and radio dials that actually control a six-disc CD changer, USB memory stick, or iPod (when used with the optional iCAMKIT). The LCD displays detailed song information, but switch it off, and it looks just like an old-fashioned radio dial. $259.99 from www.ecklers.com. Bolt-in C1 suspension upgrades everything im Meyer Racing developed this bolt-in unit to lace the primitive stock Chevy IFS used from 1949 to 1962. In addition to fully adjustable coil-over shocks (for cornering like you've never experienced in a C1), the unit includes GM spindles, GM ball-joints, eleven-inch GM rotors and calipers, and a “Quickurn” rack-and-pinion steering unit. As the original pension is a bolt-in, too, the swap can be done at e with hand tools. Just two small welds are needed to pper tower supports to the frame. $3,195 from www. jimmeyerracing.com. Drive on up The designers at Race Ramps (www.raceramps.com) have taken that simplest of machines—the inclined plane—and tailored it to the specific needs of low-clearance sports cars and their obsessive owners. Made of high-density polystyrene foam, the lightweight, no-slip, no-mar ramps are available in a variety of lengths, heights, and widths for assured stability and clearance. The ramp section of the two-piece Service Ramp ($229.99 a pair from www.mamotorworks.com) is easily removed for under-car access, once the car is in the air. It's a nice alternative to the traditional rickety jack stand. Weight limit: 3,000 pounds per set. Made in the U.S.A. You don't know Jack—yet Another revolutionary alternative to the ramshackle jack stand is this innovative stand from JackPoint (www.jackpointjackstands.com). Using just one point of contact at the factory-designated lifting location, you can lift the car with your floor jack, and then lower it straight down onto the stand. A variety of pads are available for different jacking point surfaces—along with rubber pads to protect against metal-to-metal contact. The stand is twelve inches tall, and the weight limit is 4,000 pounds per pair. Custom powdercoating available. Made in the U.S.A., $179–$349 from www.imgt3performance.com. ■ 92 Corvette Market SUMMER 2011 www.corvettemarket.com


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Corvette Market Keith Martin's Presents the 3rd Annual Celebrate America's sports car as a part of Concorso Italiano during the Monterey Historic Weekend. One day only, Friday, August 19, 2011, Laguna Seca Golf Ranch, Monterey, CA The only Corvette-only corral of the entire weekend. Fantastic setting. Great people. Amazing cars. Enter your car into the Corvette-only corral, with a Corvette-only hospitality tent. Space available for local and national clubs to display their materials. “People's Choice”, “Farthest Driven” and “Most Original” Awards. Special commemorative t-shirt to all entrants. Enjoy all the activities at Concorso Italiano, including a celebration of 40 years of Panteras, vendor booths, great food and more. Regular $190, save $25 when you register though Corvette Market. Go to www.corvettesatconcorso.com, click on “Register Here”, and enter promo code: CAC81911. For more information about Concorso Italiano, go to www.concorso.com.


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In Miniature C4 included a special edition Corvette Grand Sport. That edition paid homage to the lightweight racers Corvette mastermind Arkus-Duntov started building in Zora 1962. Production of the 1996 cars was limited to 810 coupes and 190 convertibles. This Corvette was only available in Admiral Blue metallic with a white racing stripe and two red hash marks, aka “Sebring Stripes” on the front fender. Interior choices were simple: all black, or red-and-black combo. A friend of mine has one of the convertibles, and it is a very cool car indeed. I'm more of a vintage car guy, but when this model arrived, I was pleasantly surprised by the striking overall look. A bigger surprise was the amount of detail that the Danbury Mint has packed into this 1:24 scale model. As usual, this is a diecast model produced in China. They have done an excellent job of capturing the shape, and the flawless, high-gloss, hand-polished paint finish adds to the quality. All the details are there, down to perfectly applied Corvette emblems on the body and wheel centers. I'm glad that they chose to replicate the red-and-black interior instead of the all-black interior, which dies on most small models. Now, I'll get my only two gripes out of the way. The lack of sidewall let- tering is a little bothersome, but I understand it, as Goodyear is known to be a costly and difficult license for model companies. However, the tire tread pattern is all there and perfectly replicated. My big gripe is that the rear ride height isn't right. The car sits noticeably too high. This may be isolated to my model. Incorrect ride heights are often one of the problems you run into when incorporating a working suspension on mass-produced models. The interior is impressive (for a modern car). The main gauge cluster in front of the driver shows simulated LED readouts, and they have also attended to all other dash switch gear with simulated labeling. The seats look very convincing, with wrinkling of the seat cushions molded in. Floors and rear storage area have in- scale black carpeting. Speaking of that rear storage area, yet another point of Danbury's attention to detail are the simulated gas struts that work in conjunction with the glass hatch, which also has delicately printed, orange-colored fine lines that represent the window heating element. Let's move to the heart of the car, which is the 330 horsepower 5.7-liter V8. Flip open the huge hood, and you will not be disappointed. Like most modern cars, this is not a particularly exciting engine and engine compartment, but the detail is comprehensive—some of it well-hidden—and nothing is amiss. As with every model from Danbury, this one has full chassis detail. One really neat touch that I did not expect to see was the folded metal heat shielding around the front sections of the exhaust pipes. Very neat. For those who need a lot of working features to get excited, there are plenty on this model. They include the usual opening doors and hood, rear glass hatch, gas cap door, flip-up headlights, adjustable sun visors, working steering and suspension—and a removable roof panel. And the center armrest top also opens, revealing its hidden storage compartment. The amount of detail and accuracy that Danbury 1996 Corvette Details Production Dates: Late 2004 Quantity: 5,000 CM Five-Star Rating: Overall Quality: Authenticity: Overall Value: Web: www.danburymint.com puts into every one of their models can truly put most larger-scale models to shame. Add to that the very reasonable $129 price, and you have a must for any serious Corvette model collector. 94 Corvette Market SUMMER 2011 www.corvettemarket.com By Marshall Buck 1996 Corvette Grand Sport Coupe The last year of the Speaking Volumes By Mark Wigginton Weekend Projects for your Modern Corvette: C4–C5–C6; Weekend Projects for your Classic Corvette: 1953–1982 By Tom Benford, Motorbooks, 224 pag- es each, $19.79 each, Amazon.com One of the joys of having a great old car is working on it. Pulling out the tools, setting out to fix or modify this thing you love, working through the steps and the problems along the way and completing the job, I'm convinced, makes everything brighter, cleaner and taste better. That joy, however, sometimes comes with frustration, terror and challenges to your competence and ego. Tom Benford is here to help. Benford is a regular contribu- tor to Corvette Fever magazine and author of nearly a dozen automotive books. With the Weekend Project series, Benford strives to take the mystery out of tackling common jobs to fix or modify your Corvette. In each book he takes a visual, step-by-step approach to simple, do-it-myself jobs—and to those projects I would normally pay someone to save me from myself. Each job is helpfully rated by difficulty, with a list of tools needed, cost of parts and approximate time it will take to accomplish (no allowances are included for a race being on the shop television or your friend coming over to “help,” which includes emptying the garage mini-fridge). Large, clear photos of each step in the job are the way Benford holds your hand, which turns out to be a nice way of building confidence before you even start. The big difference between the two books reflects the age and complexity of the Corvettes they cover. While the Modern book aims at add-ons and bling, with only a handful of performance- or handling-oriented jobs, the Classic book reflects projects and repairs the owner of a mid-century car is likely to face—but on cars that are simpler to wrench. It's the difference between adding underhood shiny bits and really getting your hands dirty. But whatever your comfort level, Benford helps you get through the project, being the knowledgeable, non-judgmental car guy friend that will come over and offer advice—without leaving all those empties. Provenance: The projects Benford covers in the book are projects he actually tackles, as the photos show work done on his stable of Corvettes. The intros to each project give you a sense of the obstacles you get to gauge against your own tool-and-task comfort level. Fit and finish: Large photos of each step of the projects are well printed in color, although sometimes I wish they were actually a little more detailed. But, after all, this isn't an illustrated shop manual—but a helpful guide. Drivability: Benford has created a useful and thoughtful selection of tasks in each book, perfect for the true amateur mechanic with the desire to tackle some easy-to-challenging projects. If you sit in that uncomfortable netherworld between “I have a guy who does all my work” and “I do all my own work,” then Benford's books will be a helpful guide to your next project. ■


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Resource Directory Auction Companies Auctions America by RM. 877.906.2437, 5540 CR llA Auburn, IN 46706. Home of the 480-acre Auction Park in Auburn, IN, where the annual Labor Day Auction is held in conjunction with the Auburn, Cord, Duesenberg Festival. www.auctionsamerica. com. (IN) Mecum Collector Car Auction- eers. 815.568.8888, 815.568.6615. 950 Greenlee St., Marengo, IL 60015. Auctions: Orlando, Kansas City, Rockford, Bloomington Gold, St. Paul, Des Moines, Carlisle, and Chicago. Nobody Sells More Muscle Than Mecum. Nobody. www.mecumauction.com. (IL) Russo and Steele Collector Automobiles. 602.252.2697, 602.252.6260. 5230 South 39th Street, Phoenix AZ 85040. info@ russoandsteele.com; www.russoandsteele.com. (AZ) Silver Auctions. 800.255.4485, 2020 N. Monroe, Spokane, WA 99205. silver@silverauctions.com. www.silverauctions.com. (WA) The Worldwide Group. 866.273.6394, Established by John Kruse and Rod C. Egan, The Put your company in the CM Resource Directory. Call 877.219.2605 x211, or email advert@corvettemarket.com Worldwide Group—Auctioneers, Appraisers and Brokers—is one of the world's premier auction houses, specializing in the procurement and sale of the world's finest automobiles and vintage watercraft. www. WWGauctions.com. (IN) Corvette Parts & Restoration County Corvette 610.696.7888, Sales, service, parts and restoration. When it must be right. www.countycorvette.com. (PA) Mid America Motorworks 800.500.1500, America's leader in 1953-2008 Corvette parts and accessories. Request a free catalog at www.mamotorworks.com. (IL) AutoBahn Power. Performance + Looks + Durability + Comfort = Autobahn Power! Autobahn Power is a veteran of vehicle modifications, parts and accessories. Our specialty has been to carry products that are better than original equipment in performance, safety and quality. Our warehouse, service shop and retail store are located in the Midwest for good access to all parts of the USA. We have completed literally hundreds of project cars. These performance vehicles are in enthusiast's hands across the USA. Many of the cars are in daily use proving the durability of our workmanship and products. Check us out at www.autobahnpower. com. Classic Car Transport Intercity Lines, Inc. 800.221.3936, 413.436.9422. Rapid, hassle-free, coast-to-coast service. Insured enclosed transport for your valuable car at affordable prices. State-of-the-art satellite transport tracking. Complete service for vintage races, auctions, relocations. www.intercitylines.com. (MA) Insurance Hagerty Collector Car Insur- ance. 800.922.4050. Collector cars aren't like their late-model counterparts. These classics actually appreciate in value so standard market policies that cost significantly more won't do the job. We'll agree on a fair value and cover you for the full amount. No prorated claims, no hassles, no games. www.hagerty. com. (MI) Corvettes for Sale Corvette Central Parts and ac- cessories for all Corvettes. Corvette Central has been a leading manu- Ad Index Auto Etc Neon...................................91 Barrett-Jackson .................................13 Baymont Inn & Suites.......................95 Bloomington Gold ......................39, 41 Branson Collector Car Auction.........77 Bruce Shaw.......................................96 Brute Industries, Inc..........................71 Callaway ...........................................85 Carlisle Events ..................................73 Chubb Personal Insurance...................7 Classic Restoration............................99 Coker Tire .......................................100 Corvette America ..............................61 Corvette Expo Inc .............................67 Corvette Mike ...................................75 Corvette Repair Inc...........................49 Corvette Specialties ..........................97 Corvettes at Concorso.......................93 County Corvette..................................2 Dave Gill Chevrolet..........................85 Grundy Worldwide............................43 Harchelroad Motors Inc....................85 Heacock Classic ...............................23 JC Taylor...........................................63 96 Corvette Market SUMMER 2011 www.corvettemarket.com Jim Meyer Racing Products Inc........97 Lee Johnson Chevrolet......................85 Long Island Corvette Supply Inc......97 Mac Neil Automotive Products Ltd..91 Matick Chevrolet ..............................85 MCACN, LLC..................................53 Mecum Auction...................................3 Mid America Motorworks...........45, 51 Midwest Corvettes & Classics, LLC 65 National Corvette Museum...............97 National Corvette Restorers Society...9 Palm Springs Exotic Car Auctions....69 Pro-Team Corvette Sales, Inc............79 Reliable Carriers ...............................37 Silver Collector Car Auctions ...........15 Speed Ventures..................................84 Sports Car Market.............................97 St. Raphael the Archangel.................83 Superior Chevrolet......................59, 85 SWISSVAX USA, LLC....................55 The Canvas Shoppe, Inc. ..................81 The Chevy Store Inc .........................89 Thomas C Sunday Inc.......................61 Zip Products......................................11 facturer and distributor of Corvette parts and accessories since 1975. We offer the most comprehensive and detailed parts catalogs on the market today and produce a different catalog for each Corvette generation. All catalogs are also online with full search and order features. From Blue Flame 6 to the new C6, only Corvette Central has it all. www.corvettecentral.com. (MI) County Corvette. 610.696.7888, The most modern and best equipped Corvette-only facility in the nation. www.countycorvette.com. (PA) The Chevy Store At The Chevy Store, you will find only the highest grade, investment quality Corvette and specialty Chevrolet automobiles. We take pride in providing our clients with the finest selection anywhere. Offering investment quality corvettes and Chevrolets for over 30 years! 503.256.5384 (p) 503.256.4767 (f) www.thechevystore.com. (OR) Museums National Corvette Museum 800-53-VETTE, The National Corvette Museum in Bowling Green, KY was established as a 501(c)3 not-for-profit foundation with a mission of celebrating the invention of the Corvette and preserving its past, present and future. www.corvette- museum.com. (KY) ■


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Sports Car Market Keith Martin's The Insider's Guide to Collecting, Investing, Values, and Trends “Sports Car Market magazine is the Cigar Aficionado for collectible cars.” — Robert Lutz, former President of GM North America, SCM subscriber since 1995 Special Introductory Offer $48 · One year of Sports Car Market magazine www.sportscarmarket.com/offer48 877-219-2605 Ext. 1 · Free Collector Car Price Guide · Knowledge the Experts Use $ Value 126


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Vette-o-bilia Online trash and trinkets—some valuable, some not. By Carl Bomstead Corvette Models, Zippo Lighter and a Casino Chip The Flamingo Hotel's 1996 American Classic Car series chip was not a winning bet as a valuable collectible, but it looks good C oolest piece of Corvette swag that we found that failed to sell on eBay: a Corvette C5R racing team shirt signed by both Dale Earnhardt Jr.—and Sr. The shirt was signed at a dinner at the Daytona 500 Speedway on February 2, 2001. Dale Sr. won the race, and he is the only driver to win both the 24 Hours of Le Mans and a NASCAR race. Tragically, he was killed just 16 days later at the same track. Why did this historically significant shirt fail to sell? Well, for one it was expensive, with a Buy It Now price of $2,999. More importantly, most NASCAR guys, while they love the Earnhardts, don't give a darn about Corvettes. On the other hand most Corvette guys don't care all that much for NASCAR. Here are a few things that Corvette guys and gals did care about and bid accordingly: ranging from what was paid here to as much as $160, so it pays to look around before joining in the bidding. EBAY #290568385359— AUTOART 2000 CORVETTE C5 R. Number of Bids: 16. SOLD AT: $77. Date: 5/28/2011. This was a 1:18 scale model of the Corvette that was introduced at the opening race of the 2000 ALMS series at Daytona. It was in Millennium Yellow livery with a jacked-up 7.0-liter LS1 engine. It was complete with all the original packaging and records and was stated to be Mintin-the-Box. It had been retired some years back, and considering the condition, was well bought. SOLD AT: $177.50. Date: 5/21/2011. This chrome Zippo lighter was laser-engraved and had 24 karat gold inlaid medallions that commemorated the 50th anniversary of the Corvette. It was complete with a black maple presentation box and certificate of authenticity. It was number 3,329 of 5,000 produced and still had the safety sticker on the back, so the lighter had never been opened. Unusual display piece at a reasonable price. EBAY #220785075793— EBAY #19054133862— SNAP-ON FIVE-PIECE 50TH ANNIVERSARY COMMEMORATIVE SCREWDRIVER SET. Number of Bids: 9. SOLD AT: $76. Date: 6/10/2011. These were obviously issued in 2003 to commemorate the 50th anniversary of the Corvette. Any number of manufacturers paid their licensing fees to GM and jumped on the bandwagon with 50th anniversary products, and some are worth a bit today. We found a number of these sets with prices 1963 CORVETTE MOTORIZED REVELL MODEL RACE CAR. Number of Bids: 9. SOLD AT: $128.50. Date: 5/29/2011. The parts for the motorized Split-Window coupe were still sealed, although the way-cool box did have a bit of wear, with tape on two corners. The Corvette body was in white and awaiting some dramatic graphics and the installation of the SP 500 engine. The box alone was worth the price paid—with the model thrown in for free. EBAY # 130528270041— DANBURY MINT 1955 CORVETTE DRY LAKES RACER. Number of Bids: 27. SOLD AT: $247.50. Date: 6/9/2011. The 1:24 scale Corvette race car was first issued in December 2004, and it was complete with title, records and packaging. It was number 2,677 of who knows how many produced. It was finished in Bonneville Blue and appeared to be in excellent condition. These models normally do not have much traction in the secondary market, but this one was an exception. EBAY #230629298673— EBAY #130521693604— 50TH ANNIVERSARY CORVETTE ZIPPO LIGHTER. Number of Bids: 8. 98 Corvette Market SUMMER 2011 www.corvettemarket.com 1954 CORVETTE $5 CHIP FROM FLAMINGO HOTEL IN RENO. Number of Bids: 1. SOLD AT: $8. Date: 6/6/2011. This chip was from the 1996 American Classic Car series issued by the Flamingo Hotel that included twelve different chips. Only 1,500 sets were issued and with the limited return on investment after 15 years, you would have been better off to have taken your chances and placed it on your favorite number at the roulette table. Cool piece, however, to have in your Corvette display case. EBAY #280674654875— CORVETTE ROCK-OLA JUKEBOX. Number of Bids: 7. SOLD AT: $5,100. Date: 5/19/2011. This was a new jukebox with all the state-of-the-art SyberSonic electronic goodies, including dual amps, surround sound and inter-red volume control. The limited-edition piece was decorated with Corvette logos, including the crossed flags, V and the Chevy Bowtie. This sold for a bunch, but if you wanted one with Harley or Jack Daniel's motifs, it would cost you another two grand. Someone has a misplaced sense of value! ■